Question

A store buys a jacket for $20.00 and then sells it to customers for 80% more than that. What is the selling price of the jacket?

A.$16.00

B.$36.00

C.$24.00

D.$28.00

Please explain how you got the answer

Answer 1

You need to add 80% of $20 to $20.

First we calculate 80% of $20.

80% of $20 =
= 80% * $20
= 0.80 * $20
= $16

80% of $20 is $16.
That is the amount the store adds to the cost. This is called the markup.

Now we add the cost $20 and the markup $16.
$20 + $16 = $36

The selling price is $36

Answer 2

A.$16.00
You have to put it into a proportion
X/20=80/100 then to find x u would multiply 20 by 80 the divide that answer by 100 and you get 16.00