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Cody, the owner of an e-commerce site, buys emerald pendants for $400 and then sells them
on his site for $840. What percentage is the mark-up?
Write your answer using a percent sign (%).

Respuesta :

Answer:

The marked up percentage is 112.5%

Step-by-step explanation:

The cost price of the emerald pendant = $400

The selling price of the emerald pendant = $840

Now, the Mark up Price  = Selling Price - Cost Price

                                          = $840  - $400 = $450

Also, [tex]\textrm{Percentage of Mark up Price}  = \frac{\textrm{the Marked up price}}{\textrm{The Cost Price}}  \times 100[/tex]

= [tex]\frac{450}{400}  \times 100 = 112.5[/tex]

⇒  Percentage of Mark up Price =  112.5%

Hence, the marked up percentage is 112.5%

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