Question

Jade buys dress shirts from a clothing manufacturer for s dollars each, and then sells the dress shirts in her retail clothing store at a 55% markup.

If Jade buys a dress for $100. The retail price would be

Group of answer choices

$1.55

$155

$45

$55

Answer 1

Retail Price = $155

Explanation:

The retail price is 55% MORE than the manufacturer buying price.

The manufacturer buying price is $100. So the retail price would be 55% MORE.

Firstly,

55% in decimal is:

55/100 = 0.55

Now 55% of 100 is:

0.55 * 100 = $55

So, the retail price is $55 MORE, so the retail price is:

100 + 55 = $155

Retail Price = $155