Question

A sporting goods store pays $180 for a rubber raft. The percent of markup is 55%. Find the raft’s selling price.

A) $327.27
B) $81
C) $279
D) $99

Answer 1

C) 180(.55)+180

180(.55) = 99.

99+180 = $279

Answer 2

The correct answer is C) $279

Explanation:

A sporting goods store pays $180 for a rubber raft.

The percent of markup is 55%.

Markup price =
`0.55*180=99` dollars

So, the selling price means purchase price plus mark up price.

The selling price is =
`180+99=279` dollars

Hence, the answer is $279.