Question

List the markup and retail price of each item. Round to two decimal place when necessary.

Answer 1

2. 2.70&20.70
3. 9.45&31.95
4. 25.31&59.00
5. 24.75&99.74
6. 48.60&97.20
7. 231.25&416.25

Answer 2

Answer:

1. Hat:

Markup price = $0.15\times18=2.70$ dollars

Retail price = $18+2.70=20.70$ dollars

2. Book:

Markup price = $0.42\times22.50=9.45$ dollars

Retail price = $22.50+9.45=31.95$ dollars

3. Shirt:

Markup price = $0.75\times33.75=25.31$ dollars

Retail price = $33.75+25.31=59.06$ dollars

4. Shoes:

Markup price = $0.33\times74.99=24.75$ dollars

Retail price = $74.99+24.75=99.75$ dollars

5. Clock:

Markup price = $1\times48.60=48.60$ dollars

Retail price = $48.60+48.60=97.2$ dollars

6. Painting:

Markup price = $1.25\times185=231.25$ dollars

Retail price = $185+231.25=416.25$ dollars