Answer:
The markup percentage was 135%.
Step-by-step explanation:
In order to find the markup percent, you have to take the sales price minus the cost and divide that by the cost. Then, you have to multiply by 100 to establish the markup percentage:
markup percentage=((19.95-8.50)/8.50)*100
markup percentage=(11.45/8.50)*100
markup percentage=135%
According to this, the answer is that the markup percentage was 135%.
