Question

What is 60% markup on $18.25?

Compute the total cost of an item you purchased for $18.25, but you now want to resell it for 60% more than what you've paid for it. What is the new cost?

Answer 1

Answer:29.2

Explanation:The equation used to add a markup percent to a product is the cost plus the markup percentage multiplied by the cost.

Answer 2

$29.20

Explanation:

The original price of an item is 100%, so a 60% mark up means that the price will now be 160% of the original price.

160% = 160/100 = 1.6

⇒ 160% of $18.25 = 1.6 × 18.25 = $29.20