markupThe markup percent on cost is given by:
Markup % = (Selling price- Cost) / Cost
Where the selling price = 119.95
If the markup on set was $23.99. Therefore, we can calculate the cost:
C = $119.95-$23.99
C =95.96
Then:
Markup % = ((Selling price- Cost) / Cost)*100
Markup % = (119.95- 95.96) /95.96)
Then :
Markup % = 25
