# Nancy Martinez manages all the magazines and paperback books at a local grocery store. She prices paperbacks to sell at $7.99. The cost to the store is$5.29. What is the markup rate on a paperback book, base on its cost?

$5.29 is the cost for the store to buy the book $7.99 is the cost of the book in the store
$\frac{7.99}{5.29}$ = 1.51039697543, or ~150% markup