Question

Bloomingdales buys a pocketbook from the factory for $425. They mark up the price of the pocketbook by 80%. What does Bloomingdales sell the pocketbook for?

Answer 1

We know that

• The price from the factory is $425.

,

• The markup is 80%.

First, we have to find 80% of $425.

`0.80\cdot425=340`

Then, we sum

`425+340=765`

Therefore, the selling price is $765.