Question

. Harold works at a men's clothing store, which marks up its retail clothing by 27%. The store purchases pants for $74.00, suit jackets for $325.00, and dress shirts for $48.00. How much is the markup for a pair of pants, a dress shirt, and a suit jacket?

Answer 1

567.69

Explanation:

Let p represent the original price

The Mark up is 27%

= 27/100

= 0.27

= p + 0.27p

= 1.27p

The retail price for pants is

= 1.27(74)

= 93.98

The retail price for suit jacket is

= 1.27(325)

= 412.75

The retail price for dress shirt is

= 1.27(48)

= 60.96

Therefore the markup for a pair of pants, dress shirts and suit jacket can be calculated as follows

= 93.98 + 412.75 + 60.96

= 567.69