Question

A store that sells skis buys them from a manufacturer at a wholesale price of $63. The store’s markup rate is 50%. a. What price does the store charge its customers for the skis? b. What percent of the original price is the final price? Show your work.

Answer 1

a. The store charges $94.5 for the skis

b. 150% of the original price is the final price

Step-by-step explanation:

The given is:

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

We need to find at what price the store charges its customers for the skis and

what percent of the original price is the final price

∵ The store buys the skis at $63

∴ The cost price of the skis = $63

∵ The store’s markup rate is 50%

- Find the amount of 50% of the cost price

∵ 50% of 63 = $\frac{50}{100}$ × 63 = 31.5

∴ the store's markup the cost of the skis by $31.5

- To find the selling price add 31.5 to the cost price

∴ The selling price of the skis = 63 + 31.5 = $94.5

a. The store charges $94.5 for the skis

To find what percent of the original price is the final price divide the final price by the original price then multiply the quotient by 100%

∵ 94.5 ÷ 63 = 1.5

∵ 1.5 × 100% = 150%

∴ The final price is 150% of the original price

b. 150% of the original price is the final price

Learn more:

You can learn more about the percentage in brainly.com/question/1834017

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