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

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Suitable Grade Level

Grades 6-8