ABC Electronics purchases tablets from a manufacturer for $185.50 each and sells them for $299.99. What is the percent markup based on selling price? (Round to the nearest tenth of a percent)

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...
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ABC
Electronics purchases tablets from a
manufacturer for $185.50 each and sells them for
$299.99. What is the percent markup based on selling
price? (Round to the nearest tenth of a percent)
Transcribed Image Text:ABC Electronics purchases tablets from a manufacturer for $185.50 each and sells them for $299.99. What is the percent markup based on selling price? (Round to the nearest tenth of a percent)
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