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Wolfe Camera Shop pays $78.50 for a Panasonic® 16.1 MP digital camera. The camera sells for $179.99. What is the percent of markup to the nearest tenth percent?

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sqdancefan

Answer:

  129.3% of cost

Step-by-step explanation:

  cost + markup = selling price

  $78.50 + markup = $179.99 . . . . fill in given information

  markup = $101.49

The markup as a percentage of cost is ...

  markup/cost × 100% = $101.49/%78.50 × 100% ≈ 129.3%

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As a percentage of selling price, the markup is ...

  markup/selling price × 100% = $101.49/$179.99 × 100% ≈ 56.4%

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