A store buys an item for $50 and marks it up 100%. What is the price?
2 answers:
50 + (100% of 50) =
50 + 1(50) =
50 + 50 =
100 <===
Answer:
Therefore, store has marked the selling price as $100.
Step-by-step explanation:
A store buys an item for $50 and marks it up 100% up means store has marked the selling price of that item twice of its cost price.
Selling price = Cost price + Profit
= Cost price + 100% of cost price
= 2 × cost price
= 2 ×50 = $100
Therefore, store has marked the selling price as $100.
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