1. If the price of a new digital media player is \$249.99 and the cost to the store that sells it is \$150, what is the markup of this electronic item?
A. \$100
B. \$98.99
C. \$99.99
D. \$89.99

2. What is the percentage markup of a digital media player that a store pays \$150 for and sells at retail for \$249.99?
A. 40%
B. 50%
C. 33%
D. 99%

I am not sure, because I got 67%

3. If a store buys a mountain bike at a cost of \$75 and marks it up by 61 percent, what is the retail price of the bike?
A. \$130.75
B. \$120.75
C. \$120.25
D. \$125.25

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On #2, the markup based on cost is indeed 67%. The markup based on salling price is 40%, since the \$100 markup is 40% of the \$250 selling price. Could be they had a typo in the question or mixed up the answers.

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posted by Steve
2. Should I go with 40% then ?

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posted by Meghan

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