The mark-up for the playground slides is 170%. The mark-up refers to the price added to the cost to find out the selling price of a product.
Mark-up is the difference between the selling price and cost price of a product.It is usually represented as a percentage, the mark-up percentage is calculated over the cost of the product. In other words we can say that mark-up is the profit gained from selling a particular product. Here it is said that the cost of a playground slide is $290 and the selling price of the playground slide is $783. We need to find the mark-up percentage of the playground slide.
Mark-up %=[tex]\frac{selling price-cost}{cost}[/tex]×100=[tex]\frac{783-290}{290}[/tex]x100=[tex]\frac{493}{290}[/tex]x100=170%
Therefore the mark-up percentage of the playground slide is 170%.
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