Answer: Markup is the amount added to the cost price (wholesale price) to arrive at the selling price.
A markup of 35% means that the selling price will be 35/100 = 0.35 times the cost price more than the cost price.
If the boutique pays $30 for a sweater, the markup amount on this sweater is $30*0.35 = $10.5
Therefore, the selling price of the sweater will be the cost price plus markup amount, or $30 + $10.5 = $40.5
So the sale price of the sweater will be $40.5
Explanation: