Answer:
the markup percentage is 66.67%
Step-by-step explanation:
The computation of the percent of markup based on cost is shown below:
= (Selling price - paid price) ÷ (paid price)
= ($15 - $9) ÷ ($9)
= 66.67%
By taking the difference of the selling price & paid price and then divided it by paid price we can get the percentage of markup
Hence, the markup percentage is 66.67%
