Question

3. An exclusive clothing boutique triples the price of the items it purchases

Answer 1

Answer:

a) MARKUP PERCENT = 200%

b) If the cost price of clothing A  = $10

    then its retail price  = $30

    If the cost price of clothing B   = $25

   then its retail price  = $75

Step-by-step explanation:

Let us assume the original price for the clothing = a

Now,  boutique triples the price of the items it purchases for resale.

So, the resale value of the item of clothing = 3 times (Original price) = 3 a

So, here: The resale Value  = 3 a

a)  MARK UP Percentage = $(\frac{\textrm{SP - CP}}{CP}) \times 100$

$\implies \% = (\frac{3a-a}{a} ) \times 100 = 200 \%$

or, the MARKUP PERCENT = 200%

b) Two expressions that represent retail price

If the cost price of clothing A  = $10

then its retail price  = 200% of 10 +  10  = 20 + 10 = $30

If the cost price of clothing B   = $25

then its retail price  = 200% of 25 +  25  = 50 + 25 = $75