Answer:
percentage markup to the nearest whole percent = 56%
Step-by-step explanation:
He bought the mp3 device at a cost of $ 64.25 each and sold each at $99.99. The question ask us to calculate the percentage markup which means the percentage profit. The percentage profit is calculated from the amount of profit made.
profit = selling price - cost price
percentage markup = profit/cost price × 100
selling price = $99.99
cost price = $64.25
profit = 99.99 - 64.25 = $35.74
percentage markup = 35.74/64.25 × 100
percentage markup = 3574/64.25
percentage markup = 55.626459144
percentage markup to the nearest whole percent = 56%
