The Cycle Shop bought 3 mortorcycles for $2,100, and sold each one for $1,000. What was the market percent?

Question

a. 33 1/3

b. 30.

c. 142.

d. 50.

e. There is not enough information to tell.

Answer 1

$2,100 divided by 3 = $700 per bike.

$1,000 - $700 = $300 mark up per bike

$300 divided by $700 = 42.57% mark up.  

142% x $700 = $1,000.  

More precisely 142.8571%  

The right answer must be c.