Question

Use the original price and the markdown or markup to find the retail price. Original price $43; markup 11.5%

Answer 1

$47.945

Explanation:

Given the following

Original price = $43;

markup = 11.5%

Markup price = 11.5% of the original price

Markup price = 11.5% of $43

Markup price = 0.115×43

Markup price = $4.945

Retail price = original price+markup price

Retail price = $43+$4.945

Retail price = $47.945