19-11-2020
Mathematics

contestada

1) A golf store pays its wholesaler $40 for a certain club, and then sells it to
a golfer for $75. What is the markup rate?

Respuesta :

natalya18 natalya18

19-11-2020

The markup rate is 87.5%

Answer Link

topeadeniran2 topeadeniran2

10-12-2021

The markup rate will be 87.5%.

Amount paid to wholesaler = $40

Amount that the good was sold = $75

Markup = $75 - $40 = $35

Markup percentage will be:

Markup/Cost price × 100

= (35/40) × 100

= 0.875 × 100

= 87.5%

Learn more about markup rate on:

https://brainly.com/question/16710746

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