Answer:
The markup is 34%.
Step-by-step explanation:
Given,
The cost price of the products = $ 50,
The selling price of the product = $ 67,
Thus, the markup in the price = [tex]\frac{\text{Selling price-cost price}}{\text{cost price}}\times 100[/tex]
[tex]=\frac{67-50}{50}\times 100[/tex]
[tex]=\frac{17}{50}\times 100[/tex]
[tex]=\frac{1700}{50}[/tex]
[tex]=34\%[/tex]
