The Horizons Cycle Shop bought 3 motorcycles for $2,100 and sold each one for $1,000.The markup percentage was
A)33 1/3 percent.
B)30 percent.
C)142 percent.
D)50 percent.
E)There is not enough information to determine the markup.

Question

Quizplus · Accepted Answer

Unless otherwise stated,markup (percent)means the percentage of the selling price that is added to the cost to get the selling price.

The Horizons Cycle Shop Bought 3 Motorcycles for $2,100 and Sold