Question

The owner of an audio store received a shipment of portable stereos at a cost of $88.90 each. If he sells the stereos for $152.99 each, what is the percent of markup? Round to the nearest whole percent.

Answer 1

He would get a profit of 64.09

Answer 2

64.09 or 64% because if you subtract 152.99 from 88.90 you get 64.09 and you round it to 64% because the 0 is under 5 so you lower it