Question

A store manager paid 44.00 for a shirt. She marked up the price of the shirt. What was the selling price of the shirt

Answer 1

Selling Price = 79.2 dollars

Step-by-step explanation

Markup percentage is given as

`\text{Markup percentage = }\frac{Markup}{Cost\text{ Price}}*100\text{ percent}`

Then,

Markup = (Selling Price) - (Cost)

For this question,

Markup percentage = 80%

Markup = ?

Cost price = 44 dollars

Selling price = ?

`\begin{gathered} \text{Markup percentage = }\frac{Markup}{Cost\text{ Price}}*100\text{ percent} \\ 80\text{ = }(Markup)/(44)*100 \\ \text{Markup = 0.8}*44=35.2\text{ dollars} \end{gathered}`

Markup = (Selling Price) - (Cost)

35.2 = Selling Price - 44

Selling Price = 44 + 35.2 = 79.2 dollars

Hope this Helps!!!