Question

A store that sells skis buys them from a mannufacter at a whole sale price of $57. The stores markup rate is 50%. What price does the store charge its costumers.

Answer 1

$85.50

Explanation:

The Wholesale price is $57. Markup is 50% of the wholesale price.

50% of $57 is $28.50. Add $28.50 to the wholesale price of $57 and you get $85.50, which is the cost that the store charges it’s customers.