Question: Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase in

Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase in sales. The markup is 31% based on cost. What would be its percent markup if selling price were the base?(Round your answer to the nearest hundredth percent.)

What is the percent markup?

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