The percent markup on a video game is known to be 108% based on cost. If the seller paid $35 for one, then what would be the corresponding percent markup based on the sale price? (Round to the nearest tenth percent)
A) 51.9%
B) 355.8%
C) 31.2%
D) 28.0%

Question

Quizplus · Accepted Answer

The selling price is $35 + 108% of $35 = $72.80. The percent markup based on the sale price is ($37.80 / $72.80) * 100% = 51.9%.

The Percent Markup on a Video Game Is Known to Be