Question

What is the retail price of a shirt that has a wholesale price of $12 and is marked up by 60 percent?

Answer 1

In order to solve this problem, we first need to find 60% of $12.
To do that, we first need to divide 12/100.

12/100 = .12
.12 x 60% = $7.20
$7.20 + $12.00 = $19.20

Hope this helped :)

Answer 2

The retail price of the shirt is $19.2 .

Explanation:

As given

A shirt that has a wholesale price of $12 and is marked up by 60 percent .

60% is written in the decimal form

`= (60)/(100)`

= 0.60

Markedup price = 0.60 × 12

= $ 7.2

Thus

Retail price of shirt = Wholesale price of shirt + Marked up price

Put all the values in the formula

Retail price of shirt = $12 + $7.2

= $ 19.2

Therefore the retail price of the shirt is $19.2 .