A purchaser paid $1,539.13 for a computer system that originally cost $1,215.91. If the markup was 21% of the $1,539.13 selling price, then what is the percent markup based on cost? (Round to the nearest tenth percent)
A) 26.6%
B) 81.0%
C) 79.7%
D) 35.1%

Question

Quizplus · Accepted Answer

The markup is 21% of the selling price, which is $1,539.13. So, the markup amount is $1,539.13 * 0.21 = $323.22. The original cost was $1,215.91. The percent markup based on cost is calculated as (Markup / Original Cost) * 100 = ($323.22 / $1,215.91) * 100 = 26.6%.

A Purchaser Paid $1,539