The owner of an electronics store received a shipment of mp3 players at a cost of $64.25 each. if he sells the mp3 players for $99.99 each, what is the percent of markup? round to the nearest whole percent. a. 6% b. 36% c. 56% d. 62%

C. 56%

Step-by-step explanation:

Given : The cost of MP3 player = $64.25

The selling price of MP3 player = $99.99

We know that the mark up price =

thus, the mark up price=

Now the percent of mark up =

⇒ The percent of mark up =

⇒ The percent of mark up =

Hence, the mark up percent = 56 %

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step-by-step explanation:

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