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21 March, 01:45

If an article costs a store $17.45 and if it sells the article for $22.95, what percentage markup is it using?

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  1. 21 March, 02:30
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    1.) Sales Price - Original Cost / Sales Price * 100 = Percentage Markup

    2.) Now substitute the values:

    Sales Price - Original Cost / Sales Price * 100 = Percentage Markup

    $22.95 - $17.45 / $22.95 * 100 = Percentage Markup

    $5.5 / 22.95 * 100 = Percentage Markup

    ...2397 * 100 = 23.97%

    3.) Therefore, the store uses 23.97% as Percentage Markup
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