Question

Radio Shack sells a TV for $199.95 that costs $140.50. What was Radio Shack's percent markup based on a selling price? (Round to nearest percent.) Check your answer (will be slightly off due to rounding.)

Answer 1

The dollar markup is $199.95 - 140.50 = $59.45
The percent markup based on the selling price is:
(59.45/199.95) x 100 = 30%