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A store owner bought bicycles for $100\$100 and sold them for $183\$183. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____

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Q. A store owner bought bicycles for $100\$100 and sold them for $183\$183. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Cost Price Calculation: Cost price of bicycles: $100\$100 Selling price of bicycles: $183\$183 Calculate the difference in price. Difference in price = Selling price - Cost price = $183−$100=$83\$183 - \$100 = \$83
  2. Difference Calculation: Now, find the mark-up percentage.\newlineMark-up percentage = (Difference in price/Cost price)×100(\text{Difference in price} / \text{Cost price}) \times 100\newline= ($83/$100)×100(\$83 / \$100) \times 100\newline= 00.8383 \times 100100\newline= 8383\%

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