Question

Ryan buys a pair of Jordan 5s for $200. He marks them up 150% to resell

them. What is the new price of the Jordan 5s?

Answer 1

The new price of the Jordan 5s after Ryan marks them up by 150% on the original price of $200 is $500.

Step-by-step explanation:

Ryan buys a pair of Jordan 5s for $200. He marks them up by 150% to resell them. To calculate the new price, you first need to determine what 150% of the original price is. A 150% markup means you'll add 150% of the original cost to the original cost itself.

The calculation would be:

• 150% of $200 = 1.5 × $200 = $300
• New Price = Original Price + Markup
• New Price = $200 + $300
• New Price = $500

Therefore, the new price of the Jordan 5s after a 150% markup is $500.