Q. A store purchased canoes for $300 and sold them for $435. What percentage is the mark-up? Write your answer using a percent sign (%). _____
Find Price Difference: First, find the difference in price, which is the selling price minus the cost price.Difference = $435 - $300 = $135.
Calculate Mark-up Percentage: Next, calculate the mark-up percentage using the formula: (Difference in price/Cost price)×100. Mark-up percentage = ($300$135)×100.
Division and Multiplication: Now, do the division and multiplication to get the mark-up percentage. Mark-up percentage = 0.45×100=45%.
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