Question

A home improvement store purchases $300 worth of materials. They charge a 55% markup. For how much will the materials be sold?

Answer 1

Answer:

$465

Explanation:

55% markup means that they will sell the material at a price equal to the cost plus 55% of the cost. So, to calculate the price, we will find 55% of the cost:

$\text{ \ 300}\times55\text{ \% = \ 300}\times\frac{55}{100}=\text{ \ 165}$

So, the price will be equal to:

Price = $300 + $165 = $465