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A website is selling clarinets for $248\$248. The site got the clarinets at a cost of $200\$200. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____

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Q. A website is selling clarinets for $248\$248. The site got the clarinets at a cost of $200\$200. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Calculate Difference: Calculate the difference between the selling price and the cost price.\newlineCalculation: $248−$200=$48\$248 - \$200 = \$48
  2. Calculate Mark-up Percentage: Calculate the mark-up percentage based on the cost price.\newlineCalculation: ($48/$200)∗100%=24%(\$48 / \$200) * 100\% = 24\%

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