alleryStart learning →An item priced at 250 dollars with a 100 dollar mark-up has a mark-up rate that is:
AMore than 90 percent
BExactly 100 percent
CExactly 250 percent
DLess than 50 percent
Answer & Solution
Correct answer: D. Less than 50 percent
1. Compare the mark-up against the base it is a percentage of.
2. The mark-up is usually calculated as a percent of the wholesale price.
3. Here 100 dollars is being compared with 250 dollars.
4. One hundred dollars is less than half of 250 dollars.
5. So the mark-up rate is less than 50 percent.
_Source: OpenStax Prealgebra 2e (CC BY 4.0), Ch 6 'Percents', sections 6.1-6.5_
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