Question

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%

Answer 1

99.99 - 64.25= 35.74
35.74/64.25= 0.556=55.6% or 56% rounded