Math Problem Statement
A store employee creates a display of grandfather clocks priced at $1,248 apiece. The store paid $600 for each grandfather clock. What percentage is the mark-up?
Write your answer using a percent sign (%).
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage
Mark-up
Profit and Loss
Formulas
Mark-up Percentage = ((Selling Price - Cost Price) / Cost Price) × 100
Theorems
-
Suitable Grade Level
Grades 6-8
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