Question

A home improvement store purchases $300 worth of materials. They charge a 55% markup. For how much will the materials be sold?

Answer 1

$465

Step-by-step explanation:

55% markup means that they will sell the material at a price equal to the cost plus 55% of the cost. So, to calculate the price, we will find 55% of the cost:

`\text{ \$300}*55\text{ \% = \$300}*(55)/(100)=\text{ \$165}`

So, the price will be equal to:

Price = $300 + $165 = $465