Answer:
65%
Step-by-step explanation:
Given: A set of golf clubs costing 320 is sold for 528.
First finding the markup amount added to the cost of set of golf club.
Markup amount= [tex]Selling\ price - cost\ price[/tex]
⇒ Markup amount= [tex]528 - 320= 208[/tex]
Now, finding the markup rate.
Formula; Markup rate= [tex]\frac{markup\ amount}{Cost\ price} \times 100[/tex]
⇒Markup rate= [tex]\frac{208}{320} \times 100[/tex]
∴ Markup rate= [tex]65\%[/tex]
Hence, the markup rate is 65%
