Question

Brainly the owner of a hat store buys a hat for 5.50 he uses a markup rate up 105% what is the sale price of the hat

Answer 1

11.275 is the sale price of the hat

Step-by-step explanation:

Brainly the owner of a hat store buys a hat for 5.50 and he uses a mark-up rate is 105%. Need to find out what is the sale price of the hat.

Here, given data, cost price of hat = 5.5. Let the selling price of hat be x and find the data as asked in question,

                $\text {Markup rate}=\frac{S . P .-C . P .}{S . P .} \times 100$

                $105=\frac{x-5.5}{5.5} \times 100$

                $\frac{105 \times 5.5}{100}=x-5.5$

                $\frac{577.5}{100}=x-5.5$

               5.775 + 5.5 = x

Where,

S.P - sale price

C.P - cost price

Therefore, x = 11.275 is the sale price of the hat.