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g100num [7]
3 years ago
14

$10.82 for 2 earmuffs markup rate is 72%. what is the markup and retail price for 2 earmuffs

Mathematics
2 answers:
Katarina [22]3 years ago
3 0
Markup=10.82(72/100)≈$7.79  (to nearest cent)

retail=10.82(100+72)/100≈$18.61 (to nearest cent)
Grace [21]3 years ago
3 0
If the markup rate for 2 earmuffs is 72%, to calculate the markup, we have to find 72% of the original price, $10.82. "Of" is a word that indicates we must multiply the percent by the price--to do that, we must convert the percent into a decimal, like so:
72percent =  \frac{72}{100} =  0.72
Next, multiply the decimal form of 72% by the original cost:
0.72 * 10.82 = 7.79
The markup is $7.79.

To calculate the new price, we have to add the original cost and the markup, like so:
10.82 + 7.79 = 18.61
The new retail price is $18.61.

Hope this helps!
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