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An entrepreneur buys some washing machines. Each one costs $340\$340 and resells online for $765\$765. What percentage is the mark-up?\newlineWrite your answer using a percent sign (%).\newline_____\_\_\_\_\_

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Q. An entrepreneur buys some washing machines. Each one costs $340\$340 and resells online for $765\$765. What percentage is the mark-up?\newlineWrite your answer using a percent sign (%).\newline_____\_\_\_\_\_
  1. Find Price Difference: First, let's find the difference in price, which is the mark-up in dollars.\newlineDifference in price = Selling price - Cost price\newline= $765\$765 - $340\$340\newline= $425\$425
  2. Calculate Mark-up Percentage: Now, we 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 = ($425/$340)×100(\$425 / \$340) \times 100 = 1.25×1001.25 \times 100 = 125%125\%

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