Question

An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup. which expression should be used to find the amount of the markup?

Answer 1

Answer: The amount of the markup would be $26.40 and the expression would be $\dfrac{55}{100}\times 48$

Step-by-step explanation:

Since we have given that

Whole sale price of an item = $48

Rate of mark up = 55%

So, amount of the mark up would be

$\dfrac{55}{100}\times 48\\\\=\dfrac{55\times 48}{100}\\\\=\dfrac{2640}{100}\\\\=\ 26.40$

Hence, the amount of the markup would be $26.40 and the expression would be $\dfrac{55}{100}\times 48$

Answer 2

The expression is (48 x 0.55)+48