Question

Gap sells jeans that cost $21.00 for a selling price of $29.95. The percent of markup based on cost is:

Answer 1

($29.95 / $21.00) ≈ 1.426
 
1.426 represents 100% of cost + 42.6% 

1 = 100% 
0.426 = 42.6% 


Your answer is 42.6%