Question

The wholesale cost of the materials for one outfit is $9.38 if she says an outfit for $50 with the percent of the markup brought it to the nearest percent

Answer 1

The student's question is about calculating the markup percentage of an outfit, which comes out to be approximately 433%, rounded to the nearest percent.

Step-by-step explanation:

The student's question pertains to calculating the markup percentage of an outfit. To find this, we first determine the markup amount by subtracting the wholesale cost from the selling price. Next, we divide the markup amount by the wholesale cost and multiply by 100 to get the percentage.

Here is the step-by-step explanation:

1. Calculate the markup amount: Selling price - Wholesale cost = $50 - $9.38 = $40.62.
2. Determine the markup percentage: (Markup amount / Wholesale cost) * 100 = ($40.62 / $9.38) * 100 ≈ 433%.

Therefore, the markup percentage is approximately 433%, rounded to the nearest percent.