Question

16. A clerk is marking up merchandise 28%

The original price of an item is $499.
What will be the retail price?

Answer 1

Explanation:

Original Price = $499

100% of something is the original price. when you mark something up, you are increasing the price. when the clerk marks up merchandise by 28%, they are increasing the price by 28%.

This means that the price is original + markup = 100 + 28 = 128%

Therefore, the retail price is

499 x 128% = $638.72