Gap sells jeans that cost $21.00 for a selling price of $29.95. The percent of markup based on cost is:
1 answer:
<span>($29.95 / $21.00) ≈ 1.426
</span><span>1.426 represents 100% of cost + 42.6%
</span>
<span>1 = 100% </span>
<span>0.426 = 42.6%
</span>
Your answer is 42.6%
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