Near the city park, Wendi Haskell opened a bicycle shop where she rents and sells both mountain and road racing bikes. Wendi buys her rental mountain bikes from a local manufacturer whose cost is $180 for each bike. If Wendi pays $315 for each bike, what is the manufacturer's markup percent based on its cost?
$315 - $180 = $135 manufacturer's dollar markup;
$135 รท $180 = 0.75 = 75% markup percent based on cost
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