what you do is you divide 100 by the amount the test was out of then times your answer by your mark
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The original mark up was 50%.
A 100% mark up doubles the selling price.
33 to 45 is a 36.36% increase.
-100
Margin = (1-[cost/selling price]) x 100
Mark up would be 130.
20
The original mark up was 50%.
23.40
Vans have 2.5 mark-up in theis shoes latest I notice
A 100% mark up doubles the selling price.
Multiply it by 1.4
33/100 times 18 ie;5.94
Formula of mark down
33 to 45 is a 36.36% increase.
-100
For retailers, it is 18% on their mark-up.