Question

J.c. Penny sells a timed watch for $139.99 that cost$89.97. J.C. Penny’s percent of markup based on the selling price is:

Answer 1

So it cost them 89.97 and they're selling it for 139.99, the difference is 50.02.

so, the markup is 50.02, if we take 89.97 to be the 100%, how much is 50.02 off of that in percentage?

$\bf \begin{array}{ccll} amount&\%\\ \text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\ 89.97&100\\ 50.02&p \end{array}\implies\cfrac{89.97}{50.02}=\cfrac{100}{p}\implies p=\cfrac{50.02\cdot 100}{89.97}$