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Lee, a sign maker for a store, makes a sign advertising fountains for sale at a price of $851\$851 each. However, the fountains only cost the store $370\$370 each. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____

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Q. Lee, a sign maker for a store, makes a sign advertising fountains for sale at a price of $851\$851 each. However, the fountains only cost the store $370\$370 each. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Calculate Price Difference: Cost price of each fountain: $370\$370\newlineSelling price of each fountain: $851\$851\newlineFirst, let's find the difference in price.\newlineDifference = Selling price - Cost price\newlineDifference = $851$370\$851 - \$370
  2. Calculate Mark-up Percentage: Difference = $481\$481\newlineNow, we calculate the mark-up percentage.\newlineMark-up percentage = Difference/Cost price\text{Difference} / \text{Cost price} * 100100\newlineMark-up percentage = \(\$481 / $370\$370\) * 100100
  3. Final Percentage Calculation: Mark-up percentage = 1.3×1001.3 \times 100\newlineMark-up percentage = 130%130\%

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