Find the markup on the following item. A candle costing $0.67 and selling for $0.98

Answer: There is mark up of $0.31 in the above item.

Step-by-step explanation:

Since we have given that

Cost price of candle = $0.67

Selling price of candle = $0.98

So, difference in the cost price and selling price would be

Selling price - Cost price

=$0.98-$0.67

=$0.31

Hence, there is mark up of $0.31 in the above item.