Question

The Wal-Mart buys sweatshirts for $38 each andsells them at a 60% increase in price. What is the amount of increase? What is the retail price?

Answer 1

To find the amount increase in price, you will calculate what 60% of the $38 is by multiplying 0.6 and 38

0.6 x 38 = $22.80 is the amount of increase.

The retail price is found by adding the increase to the cost.

$38 + $22.80 = $60.80.