If an entrepreneur buys shirts for $20 each and sells them for $35, the mark-up on selling price is
A) 25%.
B) 42%.
C) 75%.
D) 90%.

Name: If an entrepreneur buys shirts for $20 each and sells them for $35, the mark-up on selling price is A) 25%. B) 42%. C) 75%. D) 90%.
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Question

Quizplus · Accepted Answer

The mark-up on selling price is calculated as the difference between the selling price and the cost price, divided by the selling price. Here, the mark-up is ($35 - $20) / $35 = $15 / $35 = 0.4286, which is approximately 42%.

If an Entrepreneur Buys Shirts for $20 Each and Sells