Question

A three pack of bar soap had a wholesale cost of $1.15. A pharmacy wants to sell this product with a markup of 60%. What are the amounts of the markup and the retail price of a pack of soap?

Answer 1

The answer would be $1.84.

Answer 2

To find the percentage of something, simply multiply the percentage (converted into a decimal) and the total. 60% = 0.6. 0.6*1.15 = 0.69.
The markup is $0.69.
To find the retail price, add the markup to the wholesale cost. 0.69+1.15= 1.84.
The retail price is $1.84.
Hope that helped you.