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  3. this scenario applies to questions 5 and 6. a bu

This scenario applies to Questions 5 and 6. A buyer wants to know...

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Finance

This scenario applies to Questions 5 and 6.

A buyer wants to know her markup on a purchase.

She purchased:

- 25 sweaters at $9.00 each and will sell them for $25.00 each

- 45 jeans at $21.00 each and will sell them for $45.00 each

What is the markup percentage for this purchase?

Enter your answer as a percentage, not a decimal (for example, enter 10 not .1)

Hint: Markup Percentage = (Retail Price - Cost of Merchandise)/Retail Price

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