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A sporting goods store pays $110 for a rubber raft. The percent of markup is 55%. Find the raft’s selling price. $170.5 $49.5 $200 $60.5

A sporting goods store pays $110 for a rubber raft. The percent of markup is 55%. Find the raft’s selling price. $170.5 $49.5 $200 $60.5
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1 vote
A sporting goods store pays $110 for a rubber raft. The percent of markup is 55%. Find the raft’s selling price.

$170.5
$49.5
$200
$60.5

asked
User Narnian
by
8.9k points

1 Answer

1 vote
If you would like to find the raft's selling price, you can calculate this using the following steps:

100% + 55% = 155%
155% of $110 = 155% * 110 = 155/100 * 110 = $170.5

The correct result would be $170.5.
answered
User CMarius
by
8.7k points
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