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Serggg [28]
2 years ago
5

The owner of an electronics store received a shipment of MP3 players at a cost of $64.25 each. If he sells the MP3 players for $

99.99 each, what is the percent of markup? Round to the nearest whole percent. A. 6% B. 36% C. 56% D. 62%
Mathematics
2 answers:
Marizza181 [45]2 years ago
7 0
Your answer to your question should be B if not then i dont know 
Lina20 [59]2 years ago
7 0

Answer: C. 56%


Step-by-step explanation:

Given : The cost of MP3 player = $64.25

The selling price of MP3 player = $99.99

We know that the mark up price = \$99.99-\$64.25

thus, the mark up price= \$35.74

Now the percent of mark up = \frac{\text{S.P.-C.P.}}{\text{C.P.}}\times100

⇒ The percent of mark up = \frac{35.74}{64.25}\times100

⇒ The percent of mark up = 55.6264\%\approx56\%

Hence, the mark up percent = 56 %


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