Question

A toy store orders jigsaw puzzles for $3.05 and sells them for $4.95. What is the percent of markup? Round your answer to the nearest tenth, if necessary.]
A. 19%
B. 38.5%
C. 61.2%
D. 62.3%

Answer 1

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the percent of markup  62.3% 

$3.05 -> $4.95 

Difference = $1.90 
Percentage of increase = 1.90/3.05 = Approximately 0.6229 = 62.3% = D