Neale Burgraaf wants to purchase a halogen lamp for her office. Neale found one that is selling for $250. Through a friend, Neale learns that the dealer's cost of this lamp is $105.00. Find the dealer's markup percent based on selling price.

Halogen Lamp

A type of incandescent lamp that contains a small amount of halogen gas to increase light output and efficiency.

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit, determining the selling price.