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A specialty shop procures several chalkboards for $20\$20 apiece and offers them to customers for $46\$46 each. What percentage is the mark-up?\newlineWrite your answer using a percent sign (%).\newline_____

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Q. A specialty shop procures several chalkboards for $20\$20 apiece and offers them to customers for $46\$46 each. What percentage is the mark-up?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Calculate Mark-up: Calculate the amount of mark-up by subtracting the procurement cost from the selling price. 46−20=2646 - 20 = 26
  2. Identify Expression: Identify the expression for percentage mark-up. \newlinePercentage mark-up = mark-up amountoriginal price\frac{\text{mark-up amount}}{\text{original price}} ∗100%* 100\%
  3. Solve Mark-up Percentage: Solve 2620×100%\frac{26}{20} \times 100\% to find the mark-up percentage.\newline2620×100%=1.3×100%=130%\frac{26}{20} \times 100\% = 1.3 \times 100\% = 130\%

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