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A store sells a jacket with a 95% markup. if the store bought the jacket for $48, what is the selling price to the nearest dollar?

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Final answer:

To find the selling price of a jacket with a 95% markup on its original $48 purchase price, multiply the original price by 0.95 to calculate the markup amount, then add it to the original price to get the selling price, which is $94 when rounded to the nearest dollar.

Step-by-step explanation:

The subject of the question is Mathematics, specifically focusing on percentage markup and selling price calculation. Given that a store sells a jacket with a 95% markup and the original purchase price for the store was $48, we first calculate the amount of the markup by converting the percentage to a decimal and multiplying it by the original price.

Markup amount: $48 × 0.95 = $45.60

Next, we add the markup amount to the original purchase price to find the selling price to the nearest dollar:

Selling price: $48 (original price) + $45.60 (markup) = $93.60

When rounded to the nearest dollar, the selling price would be $94.

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