Question

An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup. which expression should be used to find the amount of the markup?

Answer 1

The expression is (48 x 0.55)+48

Answer 2

Answer: The amount of the markup would be $26.40 and the expression would be
`(55)/(100)* 48`

Explanation:

Since we have given that

Whole sale price of an item = $48

Rate of mark up = 55%

So, amount of the mark up would be

`(55)/(100)* 48\\\\=(55* 48)/(100)\\\\=(2640)/(100)\\\\=\$26.40`

Hence, the amount of the markup would be $26.40 and the expression would be
`(55)/(100)* 48`