Question

A shopkeeper buys an item for $25.00 and marks up the price 80% to sell in the store. What is the store price?

Answer 1

$45

Explanation:

The store price of the item is $45.00. Here's how we can find it:

Calculate the markup amount: Multiply the original price by the markup percentage:

Markup amount = 25.00 * 80% = 20.00
Add the markup to the original price:

Store price = Original price + Markup amount
Store price = 25.00 + 20.00
Store price = $45.00
Therefore, the shopkeeper sells the item for $45.00 in the store.