Answer:
[tex]Selling\ price = \$190.65[/tex]
Step-by-step explanation:
Given
[tex]Price = \$123[/tex]
[tex]Marked\ up = 55\%[/tex]
Required
The selling price
This is calculated as:
[tex]Selling\ price = Price + Marked\ up* Price[/tex]
[tex]Selling\ price = \$123 + 55\% * \$123[/tex]
[tex]Selling\ price = \$123 + \$67.65[/tex]
[tex]Selling\ price = \$190.65[/tex]
Answer:
$66.00
Step-by-step explanation:
We are asked to find the amount of markup on Regina's quilt. The amount of markup is given by
markup rate×original price=amount of markup.
The markup rate is in decimal form.
Since the original price was $120, and the markup rate is 55%=0.55, we have
0.55×120=66.
Thus, the amount of markup on Regina's quilt was $66.00.
