Question

A set of golf clubs costing $360 is sold for $630. What is the markup rate on the set of golf clubs?

Answer 1

`75%`

Explanation:

Profit = selling price - cost price.

Profit % = `(profit)/(cost price)` x 100%

Profit `= $630 -$360 = $270`

Profit % `= ($270)/($360) * 100% = 75%`