The buyer for a chain of stores purchased leather couches in bulk, paying $750 each. The stores will sell each leather couch for $1,275. What is the mark-up percentage?

The mark-up percentage is 70%

Step-by-step explanation:

Let us revise the rule of the mark-up percentage

× 100%, where

let us use this rule to solve the question

∵ The buyer purchased leather couches in bulk, paying $750 each

∴ P = 750

∵ The stores will sell each leather couch for $1,275

∴ S = 1,275

→ Substitute them in the rule above

∴ × 100%

∴ × 100%

∴ M = 70%

∴ The mark-up percentage is 70%

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