Question:
"Approximately 57% of Americans drink coffee every day, between three and four cups on average. In fact, coffee is the second most valuable commodity in the world, after petroleum, and the largest food import in the United States," says Erin Joyce from Financial Edge Investopedia. Seattle, Washington, was the birthplace of the coffee shop era providing a cup of "joe" along with a relaxing atmosphere ripe for the gathering of friends. This atmosphere is not without cost. The latest calculations for brewing a cup of drip coffee showed cost per cup to be $.42.
Purchasing a cup of drip coffee from a coffee shop costs $1.50. What is the percent markup based on cost to the nearest hundredth percent for purchasing a cup of brewed coffee?