The Rate of Mark-Up on the Cost of a Badminton

question 142

Short Answer

The rate of mark-up on the cost of a badminton racquet selling at $54.95 is 45%.
a) What was the cost of the raquet to the retailer?
b) What is the rate of mark-up based on selling price?

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Definitions:

Random

Lacking any definite plan, purpose, or pattern, often used to describe events or selections made without a predictable outcome.

Cross-cultural

Relating to or comparing two or more cultures, exploring differences and similarities to understand human behavior across societal boundaries.

The Amazing Kreskin

A stage name for George Joseph Kresge, an American mentalist who became famous for his television performances that demonstrated seemingly psychic abilities.

Clever Hans

Refers to a horse in the early 1900s that was believed to be able to perform arithmetic and other intellectual tasks, later understood as responding to involuntary cues from humans.