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A specialty shop procures several gymnastics mats for $44\$44 apiece and offers them to customers for $77\$77 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 gymnastics mats for $44\$44 apiece and offers them to customers for $77\$77 each. What percentage is the mark-up?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Calculate price difference: Calculate the difference in price between the selling price and the cost price.\newlineDifference in price = Selling price - Cost price\newline= $77\$77 - $44\$44 = $33\$33
  2. Calculate mark-up percentage: Calculate the mark-up percentage based on the cost price. Mark-up percentage = (Difference in price/Cost price)×100(\text{Difference in price} / \text{Cost price}) \times 100 = ($33/$44)×100(\$33 / \$44) \times 100 = 0.75×1000.75 \times 100 = 75%75\%

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