Answer:
C
Step-by-step explanation:
The percent markup is basically how much it is MORE than the original.
First, we need to find how much the selling price is more than cost.
Cost = 22.99
Selling Price = 36.99
Markup = 36.99 - 22.99 = $14
How much is the markup, we just found, with respect to cost? That is the markup divided by cost, multiplied by 100 [to convert to percentage]. Shown below:
[tex]\frac{14}{22.99}*100=60.9[/tex]
So, the percent markup = 60.9%
Answer choice C is right.
