Question

Apply the markup for each item. Then, find the retail price. Round to two decimals places when necessary.

1) original cost: $45; markup %: 20%?

2) original cost: $7.60; markup %: 50%?

Answer 1

$45 with 20% markup = $45 + $9 for a new total = $54

$7.60 with a 50% markup = $7.60 + $3.80 for new total = $11.40

Explanation: