Question

a boat is marked up to 20% on the original price . The original price was $50 what is the sales price of the boat before sales tax?

Answer 1

60

Explanation:

Answer 2

60 dollars.

Explanation:

Markup is nothing but the difference between the selling price of a good or service and its cost. It is expressed as a percentage above the cost. In short, we can say that it is the added price over the total cost of the good or service that provides the seller with a profit.

Original price = 50 dollars

ADD: 20% on original price = Markup price = 50(20/100) = 10 dollars

Hence Sales price = 50+10 = 60 dollars