Question

A store buys an item for $94. The store then prices the item to sell to customers. What is the selling price (in dollars) the store sells the item to customers for after applying a 62% markup? If necessary, round the answer to the closest hundredth.

Answer 1

$152.28

Explanation:

In order to determine the markup, multiply the original price by 62%

94 x 62% = 94 x .62 = 58.28

In order to determine the sale price, add the markup to the original price.

94 + 58.28 = $152.28