Answer:
Mark-up percentage is 25%.
Step-by-step explanation:
From the question, the store bought each sled at $32 which is the cost price. The sled was display for sale at $40 apiece.
Mark-up percentage = [tex]\frac{selling price - cost price}{cost price}[/tex] x 100%
But,
selling price - cost price = $40 - $32
= $8
So that,
Mark-up percentage = [tex]\frac{8}{32}[/tex] x 100%
= 0.25 x 100%
= 25%
Therefore, the mark-up percentage is 25%.
