Question

J.C. Penney sells a Timex watch for $139.99 that cost $89.97. J.C. Penney's percent of markup based on the selling price is
A) 55.56%
B) 55.57%
C) 35.73%
D) 37.52%
E) NONE OF THE ABOVE

Answer 1

the total markup is = 139.99-89.97 = 50.02

and as a percent of 89.97

50.02 / 89.97 = 0.556
which is q=equal to 55.67 %