223k views
4 votes
How do you solve this: $32 earrings marked up 80 percent

2 Answers

4 votes
80 percent what? off? that's what 80% was? ???
User Gmiley
by
7.8k points
6 votes
formula for markup
sales price = original price × ( 1 + rate )

So in this case it would be...
sp = $32 × ( 1 + .80 )
$32 × ( 1.80 )
sp = $57.60

formula for discount ( if you need it )
sales price = original price × ( 1 - rate )
Just remember that the rate is the percentage ( to convert to a percentage to a decimal just move the decimal two places to the left )
User Himanshu Agarwal
by
7.5k points

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