Question

A bookstore buys Algebra 1 books at a wholesale price of $23 each. It marks up the price by 92% and then sells the Algebra 1 books. What is the amount of the markup? What is the selling price?

Answer 1

The mark up is $21.16 and the final selling price is $44.14

Explanation:

To find the mark up price, you simply multiply the cost by the mark up percentage. This will give you the mark up.

$23 * 92% = $21.16

Now to find the total selling price, we add the cost and the mark up together.

$23 + $21.16 = $44.16