Question

A store pays $49.14 for an easel. The Store markes up the price by %50. What is the amount the make-up

Answer 1

To calculate the markup amount, multiply the cost price by the markup percentage. In this case, the store marks up the price by $24.57.

Step-by-step explanation:

To find the amount of markup, we need to first calculate the markup percentage. Markup is the increase in price from the cost price to the selling price. The markup percentage is given as 50%. To calculate the markup amount, we multiply the cost price by the markup percentage.

Markup amount = Cost price imes rac{Markup percentage}{100}

Markup amount = $49.14 imes rac{50}{100} = $24.57

Therefore, the store marks up the price by $24.57.

Answer 2

$56.51

Step-by-step explanation:

Given parameters:

Cost price by the store = $49.14

Amount of mark up = 50%

Unknown:

Make- up price = ?

Solution:

Since the price was increased by 50% more, to find the mark up price, we can find 50% of the cost price and add the value to the cost price.

Also;

Make-up price =( 1 +
`(50)/(100)` ) x $49.14

= 1.15 x $49.14

= $56.51