Question

"A sweater that costs $20 was marked up by 60%. what was the markup and what is now the selling price?"

for the markup I got 12 and for the selling price I got $32. did I do this right?

Answer 1

60% increase being 160% of the original which is $20. So the multiplier would be 1.6, and the answer would give you $32. So yes. you're right. The markup is the selling price- buying price (cost.) =)