Answer:
Mark-up percentage= 87.55%
Explanation:
Giving the following information:
Purchased price= $15.99
Selling price= $29.99
To calculate the mak up percentage, we need to use the following formula:
Mark-up percentage= [(selling price - purchase price)/purchase price]*100
Mark-up percentage= [(29.99 - 15.99)/15.99]*100
Mark-up percentage= 87.55%
