Javier has a worm business in which he buys night crawlers from younger kids for 4 cents each and sells them for $1.25 per dozen. What is the percent markup on cost, to the nearest tenth of a percent?
a. 160.4%
b. 61.6%
c. 96.8%
d. 3.025%

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  1. cost price = 12(4) cents = 48 cents/dozen
    selling price = 125 cents/dozen

    profit = 77 cents/dozen
    markup = 77/48 x 100% = 160.4%

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