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Lina20 [59]
2 years ago
15

Kohl's sells watches that cost $6.95 for a selling price of $39.99. What is the percent markup on cost?

Mathematics
1 answer:
Natasha2012 [34]2 years ago
3 0
We know that
A markup is the ratio of Gross Profit Margin to C<span>ost
</span>so
Markup Percentage = Gross Profit Margin/Unit Cost
Gross Profit Margin=Sales Price – Unit Cost------> $39.99-<span>$6.95----> $33.04
</span>Markup Percentage = $33.04/$6.95------> 4.7540------> 475.40%

the answer is
475.40%

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