Question

A store manager paid $44.00 for a shirt. She marked up the price of the shirt by 80% and then sold the shirt what was the selling price of the shirt

Answer 1

`\text{selling price of shirt = \$79.2}`Step-by-step explanation:

Cost price = $44

mark up percent = 80% = 80/100 = 0.8

selling price = ?

The markup formula:

`markup=\text{ }\frac{selling\text{ price - cost price}}{\cos t\text{ price}}`
`\begin{gathered} 0.8=\text{ }\frac{selling\text{ price - 4}4}{44} \\ \text{cross multiply:} \\ \text{0.8(44) }=\text{ selling price - 44} \\ \end{gathered}`
`\begin{gathered} 35.2\text{ = selling price - 44 } \\ 35.2\text{ + 44 = selling price } \\ \text{selling price = \$79.2} \end{gathered}`