Question

A sporting goods store pays $110 for a rubber raft. The percent of markup is 55%. Find the raft’s selling price.

Answer 1

If you would like to find the raft's selling price, you can calculate this using the following steps:

100% + 55% = 155%
155% of $110 = 155% * 110 = 155/100 * 110 = $170.5

The correct result would be $170.5.