Question

$34 for a jacket. The donor marked up the price of the jacket by 75% and then sold the jacket. What was the selling price of the jacket?

a) $59.50
b) $59.50
c) $60.00
d) $61.50

Answer 1

The selling price of the jacket is calculated by adding a 75% markup to the original price of $34, which equals a markup of $25.50. Adding this to the original price gives a selling price of $59.50.

Step-by-step explanation:

The student is asking about how to calculate the selling price of a jacket after a markup of 75%. The original price of the jacket is $34. To find the increased price, you calculate 75% of the original price and add it to the original price. Here is the step-by-step calculation:

• Calculate the amount of markup: 75% of $34 = 0.75 × $34 = $25.50.
• Add the markup to the original price to get the selling price: $34 + $25.50 = $59.50.

Therefore, the selling price of the jacket after a 75% markup is $59.50, which corresponds to option b.