This scenario applies to Questions 5 and 6.

A buyer wants to know her markup on a purchase.

She purchased:

- 25 sweaters at $9.00 each and will sell them for $25.00 each

- 45 jeans at $21.00 each and will sell them for $45.00 each

What is the markup percentage for this purchase?

Enter your answer as a percentage, not a decimal (for example, enter 10 not .1)

Hint: Markup Percentage = (Retail Price - Cost of Merchandise)/Retail Price