Question

A store manager paid 44.00 for a shirt. She marked up the price of the shirt by 80%. What was the selling price of the shirt?

Answer 1

Let's begin by listing out the information given to us:

Cost (c) = 44, Markup % (m) = 80% = 0.8, selling price (p) = ?

The selling price of the shirt is given by:

`\begin{gathered} \text{Markup \% }=(SellingPrice-Cost)/(Cost)\cdot100\text{ \%} \\ m=(p-c)/(c) \\ 80\text{ \%}=(p-44)/(44)\Rightarrow80\text{ \%}\cdot44=p-44 \\ 0.8\cdot44=p-44 \\ 35.2=p-44 \\ p=35.2+44=79.2 \\ p=79.3 \end{gathered}`