Question

A retailer sells greeting cards for $1.44 that were acquired at a cost of $1. What is the mark-up percentage?

Write your answer using a percent sign (%).
GPT 3.5
The mark-up percentage can be calculated using the formula:

Mark-up Percentage = ( Selling Price - Cost Price ) / Cost Price * 100%

In this case, the selling price is $1.44 and the cost price is $1.

Mark-up Percentage = ( 1.44 - 1 ) / 1 * 100%
Mark-up Percentage = ( 0.44 / 1 ) * 100%
Mark-up Percentage = 0.44 * 100%
Mark-up Percentage = 44%

Therefore, the mark-up percentage is 44%.

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