Mayra works at a jewelry store on the weekends. Roman, the store manager, asked her to help him with putting price tags on some new jewelry for display. Mayra was surprised that there was not much thought to the pricing process - all they did was look on the invoice for the price they paid, double that amount, and put that figure on the price tag. Therefore, an item that they paid $125 was priced at $250. The jewelry store's markup percentage is:

Question

Quizplus · Accepted Answer

The markup percentage is calculated based on the cost price. Since the store doubles the price they paid for the item ($125 to $250), the markup is 100% of the cost price.

Mayra Works at a Jewelry Store on the Weekends