SOLUTION: a watch costing $98 is sold for $156.80 find the markup rate on this watch

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Question 193067: a watch costing $98 is sold for $156.80 find the markup rate on this watch
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
a watch costing $98 is sold for $156.80 find the markup rate on this watch
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Markup = $156.80 - $98 = $58.80
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Tho is wasn't asked for, the % markup is 58.80/98
= 60%