The selling price for a fax machine is $341.67. What percent of the sale price is the markup, if the cost of the fax machine was $205? (Round to the nearest whole percent)
A) 40%
B) 67%
C) 60%
D) 20%

Question

Quizplus · Accepted Answer

The markup is calculated as the difference between the selling price and the cost price, which is $341.67 - $205 = $136.67. To find the markup percentage, divide the markup by the cost price and multiply by 100: ($136.67 / $205) * 100 ≈ 66.67%, which rounds to 67%.

The Selling Price for a Fax Machine Is $341