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A store purchased emerald pendants for $350\$350 and sold them for $539\$539. What is the mark-up percentage?\newlineWrite your answer using a percent sign (%).\newline_____\_\_\_\_\_

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Find the percent: tax, discount, and moreright chevron icon

Full solution

Q. A store purchased emerald pendants for $350\$350 and sold them for $539\$539. What is the mark-up percentage?\newlineWrite your answer using a percent sign (%).\newline_____\_\_\_\_\_
  1. Calculate Difference: Calculate the difference between the selling price and the purchase price.\newline$539−$350=$189\$539 - \$350 = \$189
  2. Identify Expression: Identify the expression for the mark-up percentage. Mark-up percentage = (Difference in pricePurchase price)×100%(\frac{\text{Difference in price}}{\text{Purchase price}}) \times 100\%
  3. Calculate Mark-up Percentage: Plug in the values and calculate the mark-up percentage. ($189/$350)∗100%=54%(\$189 / \$350) * 100\% = 54\%

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