Question

Answer both parts a and b for full credit.

Answer 1

Answer:

a. $94.50

b. 150%

Step-by-step explanation:

A store that sells skis buys them from a manufacturer at a wholesale price of $63. The store’s markup rate is 50%.

a. 50% is equivalent to $\frac{1}{2},$ this means that the store charge its customers for the skis $\frac{1}{2}$ more than the skis price.

$\dfrac{1}{2}\cdot \ 63=\ 31.50,$

then the price of the skis in the store is

$\ 63+\ 31.50=\ 94.50$

b. Let the original price be 100%, then

$63 - 100%

$94.50 - x%

Write a proportion:

$\dfrac{63}{94.5}=\dfrac{100}{x}\\ \\63x=94.5\cdot 100\\ \\63x=9,450\\ \\x=\dfrac{9,450}{63}=150\%$