Question

A golf store purchases a set of clubs at a wholesale price of $250. Mr.Edmond learned that the clubs were marked up 200%. Is it possible to have a percent increase greater than 100%. What is the retail price of the clubs

Answer 1

Answer: $750

Explanation:

Hi, to answer this question, first we have to calculate the markup amount by multiplying the wholesale price of the clubs (250) by the percent increase in decimal form (divided by 100):

Mathematically speaking :

250 x (200/100) = $500 (percent increase amount)

Finally, we add the percent increase amount to the wholesale price to obtain the retail price:

250+500 =$750

Feel free to ask for more if needed or if you did not understand something.