math check answers

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

My answer C

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

My answer B

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asked by Meghan
  1. I like all your answers.

    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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