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18 November, 10:06

The Food Co-op Club boasts that it has 5,000 members and a 200% increase in sales. Their markup is 36% based on cost. What would be its percent markup if selling price were the base?

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  1. 18 November, 10:53
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    Answer: 26.47%

    Step-by-step explanation:

    Given the following:

    markup based on cost = 36%

    Assume a cost of $50

    $50 * 1.36 = $68

    Now, markup based on the selling price;

    $68 - $50 = $18

    Therefore, ratio of cost price to selling price:

    18 / 68 = 26.47%
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