Answer:
Mark up =0.46=46%.
Step-by-step explanation:
Mark up is the extra amount charged to a customer.
The formula to calculate Mark up is
Mark up =[tex]\frac{Price - cost}{cost}[/tex]
It is given cost price of candle =$0.67 and selling price =$0.98.
Mark up =[tex]\frac{0.98-0.67}{0.67} =0.46.[/tex]
0.46 when converted to percent is 0.46x100= 46%.
Mark upas a percent is 46%.
