Question

A store sells t-shirts buys them from a manufacturer at a wholesale price of $25. The store's markup rate is 50%. What price does the store charge its customers for the t-shirt?

Answer 1

$37.50

Explanation:

So we know the original price is $25. If it is marked up by 50%, it is 1.5 times the original price, so we multiply 1.5 times 25 to get $37.50