1 Answer

Luchomolina · Answer 1 · 2023-02-12T09:51:00+0000

The cost of the sweater is $33.95.

The markup is 70%.

We are asked to find the selling price

The selling price can be found using

$SP=CP*((100\%+MP))/(100)$

Where CP is the cost price, MP is the markup percentage, and SP is the selling price.

Let us substitute the given values

$\begin{gathered} SP=33.95*((100+70))/(100) \\ SP=33.95*(170)/(100) \\ SP=\$57.715 \end{gathered}$

Therefore, the selling price of the sweater is $57.715

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