Question

J.C. Penney sells a Timex watch for $139.99 that cost $89.97. J.C. Penney's percent of markup based on the selling price is:

Answer 1

Selling Price=139.99
cost=89.97
Penny's percentage of markup=(Selling Price-Cost)/cost *100
=(139.99-89.97)/89.97 *100
=100*50.02/89.97
=55.59%