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Penelope buys bracelets in bulk at a cost of $8 each to sell at her store. She uses a markup rate of 125%, which is added to the bracelet cost. What is the retail price of a bracelet?
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Penelope buys bracelets in bulk at a cost of $8 each to sell at her store. She uses a markup rate of 125%, which is added to the bracelet cost. What is the retail price of a bracelet?

User Viktor Khristenko
by
8.6k points

1 Answer

3 votes

Answer:

$18.00

Explanation:

8 x 1.25 = 10

8 + 10 = 18

User Swati Sharma
by
8.3k points
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