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A discount store marks up the merchandise it sells by 55% if the whole sale price of a particular item is $25 what should the retail price be set at

A discount store marks up the merchandise it sells by 55% if the whole sale price of a particular item is $25 what should the retail price be set at
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3 votes
A discount store marks up the merchandise it sells by 55% if the whole sale price of a particular item is $25 what should the retail price be set at

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User Pod
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1 Answer

3 votes
We're setting a price by increasing the value: 100% of the wholesale value, plus the markup (55%)
100+55 = 155% of the original price - 1.55 as a decimal number
25 x 1.55 = $38.75
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User Asics
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