Question

How do i find the markup price and retail price

Answer 1

Price = 72.87

The markup is 30% or 30/100 = 0.3

Let's find the markup of the price:

`72.87\cdot0.3=21.861`

The retail price, or selling price, is the price + markup.

Thus, retail price is:

`72.87+21.861=94.731`

Answers:

Markup = $21.86

Retail Price = $94.73