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

your answer to your question should be B if not then i dont know 

Answer 2

Answer: C. 56%

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.}}*100`

⇒ The percent of mark up =
`(35.74)/(64.25)*100`

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

Hence, the mark up percent = 56 %