Answered

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the store bought a bike from the factory for$ 99 and sold I to Andre for $117 what percentage was the markup?

Sagot :

EXPLANATION

Let's see the facts:

Bike Price: $99

Sold Price: $117

The percentage is given by the following relationship:

[tex]\text{Percentage: }\frac{\text{Selling price per unit}-Cost\text{ price per unit}}{Cost\text{ price per unit}}\cdot100[/tex]

Replacing terms:

[tex]\text{Percentage =}\frac{117-99}{99}\cdot100[/tex][tex]\text{Percentage = 18.18\%}[/tex]

Answer: The markup was 18.18%

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