Question

Bari Jay, a gown manufacturer, received an order for prom dresses from China. Her cost is $32 a gown. If her markup based on selling price is 76%, what is the selling price of each gown? (Round your answer to the nearest cent.)

Answer 1

To calculate the selling price of the gown, we add the cost of $32 to the markup of $24.32 (which is 76% of $32), resulting in a selling price of $56.32.

Step-by-step explanation:

The question is asking us to calculate the selling price of a gown, given that the cost is $32 and there is a markup based on selling price of 76%. To find the selling price, we first express the markup percentage as a decimal, which is 0.76. We know that cost plus markup equals selling price, or C + (C × Markup percentage) = Selling Price. Plugging in the values, we get:

$32 + ($32 × 0.76) = Selling Price

Now, calculate the markup value:

$32 × 0.76 = $24.32

Therefore, the total selling price will be the cost plus the markup:

$32 + $24.32 = $56.32

So, the selling price of each gown is $56.32.

Answer 2

$56.32

Step-by-step explanation:

Find the selling price by multiplying the original cost by 1.76:

32(1.76)

= 56.32

So, the selling price is $56.32