Question

A store that sells skis buys them from a manufacturer at a wholesale price of $63. The store’s markup rate is 50%. a. What price does the store charge its customers for the skis? b. What percent of the original price is the final price? Show your work.

Answer 1

a. $94.50. b. 50% market up

Explanation:

a. $63.00 x .50=$31.50

$63.00 + $31.50=$94.50

b. 50% market up