Question

The wholesale price of a nurse's uniform is $42.50. What is the retail price after a markup of 12% is applied by the seller?

Answer 1

Hello !

1. Find the markup's coefficient

a markup of 12% amounts to multiplying by 1.12

2. Application

42.5 x 1.12 = 47.6

3. Conclusion

The retail price after a markup of 12% is applied by the seller is $47.60.