Question

A store purchased a flowerpot for $\$36$ and sold them for $\$72.$ Find mark-up percentage.

• A. $50\%$
• B. $36\%$
• C. $72\%$
• D. $100\%$

Answer 1

The correct option is D $100\%$

Given,
purchase price of flowerpot $=\$36$
Selling price of flowerpot $=\$72$

Mark up percentage $=\frac{\text{Selling price - Purchase price}}{\text{Purchase price}}\times 100\%$
$=\frac{72-36}{36}\times 100\%$
$=\frac{36}{36}\times 100\%$
$=1\times 100\%$
$=100\%$

Hence, the percentage of mark-up is $100$