Question

Anita Alvarez sells clothing for Toddler’s Shop. Baby blankets sell for $29.99 after a markup rate based on cost of 109%. Find the markup.

Answer 1

$2.48

Explanation:

Let cost be c

So we can say 109% of the cost is the selling price.

109% means 1.09. Thus we can setup an equation to find the cost, c.

1.09c = 29.99

c = 29.99/1.09

c = 27.51

The markup is selling price - cost, hence,

29.99 - 27.51 = $2.48