Question

An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup. Which expression should be used to find the amount of the markup?

A.$48(0.55)
B. $48(55)
C. $48(0.55) + $48
D. $48(55) + $48

Answer 1

55%= .55

48*.55+48= the new price

48*.55 will calculate the amount of money that will be added to the price.

48 is the price.

So, "C" is your answer.

I hope this helps!
~kaikers

Answer 2

The amount of the markup is $48 + $48 (0.55) .

Option (C) is correct .

Explanation:

As given

An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup.

55% is written in the decimal form .

`= (55)/(100)`

= 0.55

Thus

Markup price = 0.55 × wholesale price of item .

= 0.55 × $48

= $48 (0.55)

Thus

Price of item after markup = Wholesale price of item + Markup price

= $48 + $48 (0.55)

Therefore the amount of the markup is $48 + $48 (0.55) .

Option (C) is correct .