Question

a store is selling a hat at 55 percent markup. the store originally paid $16 for the hat. what is the retail price for the hat

Answer 1

$24.80 is the new retail price for the hat

Answer 2

$24.8

Explanation:

Hello, i think I can help you with this,you can easily solve this by using a rule of three

Step 1

define

the retail price for the hat will be the originally paid value plus 55%, it is equal to 155% of the original price

if

$16 ⇒100%

$x? ⇒155%

the relation is

`(16)/(100)=(x)/(155)\\solve\ for\ x \\(155*16)/(100)=x\\x=(2480)/(100)\\ x=24.8`

the retail price is $24.8

Have great day.