A big-screen TV costs a company $$ \$ 3,300 $$ to manufacture. If it sells for $$ \$ 7,000 $$, what is the percent markup based on cost? (Round to the nearest whole percent) Select one: a. $$ 51 \% $$ b. $$ 104 \% $$ o. $$ 49 \% $$ o d. $$ 112 \% $$

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UpStudy AI · Accepted Answer

To calculate the **percent markup based on cost**, follow these steps:

1. **Determine the Cost and Selling Price:**
   - **Cost to Manufacture:** \$3,300
   - **Selling Price:** \$7,000

2. **Calculate the Markup in Dollars:**
   $$
   \text{Markup} = \text{Selling Price} - \text{Cost} = \$7,000 - \$3,300 = \$3,700
   $$

3. **Calculate the Percent Markup Based on Cost:**
   $$
   \text{Percent Markup} = \left( \frac{\text{Markup}}{\text{Cost}} \right) \times 100\% = \left( \frac{\$3,700}{\$3,300} \right) \times 100\% \approx 112.12\%
   $$
   
4. **Round to the Nearest Whole Percent:**
   $$
   \text{Percent Markup} \approx 112\%
   $$

**Answer:**  
**d. $$ 112 \% $$**
The percent markup based on cost is approximately 112%.

A big-screen TV costs a company to manufacture. If it sells for , what is
the percent markup based on cost? (Round to the nearest whole percent)
Select one:
a.
b.
o.
o d.

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A big-screen TV costs a company to manufacture. If it sells for , what is the percent markup based on cost? (Round to the nearest whole percent) Select one: a. b. o. o d.