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4 votes
A store buys an item for $50 and marks it up 100%. What is the price?

User Filimonov
by
7.8k points

2 Answers

4 votes
$100

100% would be doubling it.
User Idrissa
by
9.1k points
2 votes

Answer

= $100


Step-by-step explanation

Profit = selling price - buying price

percentage profit = profit/buying price × 100%

100% = profit /$50

Profit = 100% × $50

= 100/100 × $50

= 1 × $50

= $50

Selling price = buying price + profit

= $50 + $50

= $100

User Hsebastian
by
9.0k points

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