Answer:
32.45%
Explanation:
To find the buying price as a percent of the selling price, we need to calculate the profit margin as a decimal first:
Profit margin = Selling price - Buying price
Profit margin = $59.95 - $40.50
Profit margin = $19.45
Now we can find the percent by dividing the profit margin by the selling price and multiplying by 100:
Percent = (Profit margin ÷ Selling price) x 100
Percent = ($19.45 / $59.95) x 100
Percent = 32.45%
Therefore, the buying price is 32.45% of the selling price.