Question

If the cost of a tv is $120 and sells for $200, what is the percent of markup based on cost? Round to nearest hundredth percent.

Answer 1

60%

Answer 2

but since they're asking you to round it to the nearest hundredth, it should be 100%

Answer 3

Okay this requires a bit of financial algebra guys. Is is (approx.) 67%
You want to find what percent of 120 will give you that $80 mark up to $200.