Question

The wholesale price for a shirt is $8.50 . A certain department store marks up the wholesale price by 60%. Find the price of the shirt in the department store. Round your answer to the nearest cent, as necessary.

Answer 1

Explanation:

The original cost to the store was 8.50

It was marked up 60% (of 8.50)

So the Customer cost (call CC in the equations below) was

CC = 8.50 + 60/100 * 8.50

CC = 8.50 + 5.1

CC = 13.60