Work the following problem. choose the correct answer. if an article costs a store $17.45 and if it sells the article for $22.95, what percentage markup is it using?

%

The market price in percentage of the the article is 31.5%.

Step-by-step explanation:

Given : If an article costs a store $17.45 and if it sells the article for $22.95.

To find : What percentage markup is it using?

Solution :

The cost price of the article is CP=$17.45

The selling price of the article is SP=$22.95

Market price formula is

The market price of the article is $0.315.

MP into percentage,

Therefore, The market price in percentage of the the article is 31.5%.