A website is selling sleeping bags for $39. The site got the sleeping bags at a cost of $20. What is the mark-up, as a percentage?

*Write your answer using a percent sign (%).*

The markup can be calculated using the formula:

\[
\text{Markup percentage} = \frac{\text{Selling price} - \text{Cost price}}{\text{Cost price}} \times 100
\]

Substituting the values:

\[
\text{Markup percentage} = \frac{39 - 20}{20} \times 100 = \frac{19}{20} \times 100 = 95\%
\]

So, the mark-up is **95%**.

Would you like further details or have any questions about this? Here are five related questions to deepen your understanding:

1. What would the selling price be if the markup were 50% instead of 95%?
2. How would you calculate the markup if the site applied a discount of 10% on the selling price?
3. What is the relationship between markup and profit margin?
4. If the cost price increased to $25, what would the new markup percentage be with the same selling price?
5. How do businesses determine an appropriate markup percentage in retail?

**Tip:** Always ensure the markup percentage is based on the cost price, not the selling price, for accurate calculations.

A website is selling sleeping bags for $39. The site got the sleeping bags at a cost of $20. What is the mark-up, as a percentage?

Learn how to calculate the markup percentage for a product with a selling price of $39 and a cost price of $20. This detailed explanation includes the formula for markup and a step-by-step guide for students in Grades 6-8.

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