Question

A clothing store buys jeans for $12 and marks them up 200% before selling them to customers. What is the selling price of the jeans? Group of answer choices

Answer 1

The selling price = $36

Explanation:

• The Buying price or Cost (C) = $12

• Markup = 200%

So

Percent Markup on Cost (M) = 200% of 12

= 200/100 × 12

= 2 × 12

= $24

Thus the selling price = Cost (C) + Markup (M)

= $12 + $24

= $36

Therefore, we conclude that:

The selling price = $36