Question

Cost of a pair of soccer cleats if 55$ and the markup rate is 80% what is the retail price

Answer 1

To find the retail price after applying the markup rate, you add the markup amount to the original cost. The markup amount is calculated as a percentage of the original cost.

Markup amount = Markup rate * Original cost

In this case, the markup rate is 80% of $55:

Markup amount = 0.8 * $55 = $44

To find the retail price, add the original cost to the markup amount:

Retail price = Original cost + Markup amount = $55 + $44 = $99.

Therefore, the retail price of the pair of soccer cleats is $99.

Answer 2

Answer: $99

Explanation:

1) Find 80% of 55: .8(55)= 44

2) Add the original price (55) plus the markup rate (44): 55+44=99