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Rudiy27
3 years ago
11

Find the markup and the selling price of the following item. Round answers to the nearest cent. A suit costing $120.00 marked up

50% on cost
Mathematics
1 answer:
zalisa [80]3 years ago
8 0

Answer: The mark up amount on suit is $60 and the selling price of suit is $180.


Step-by-step explanation:

Given: The cost price of the suit = $120

The mark up percent on suit = 50 %

Therefore, the mark up amount = 50% of $120

⇒ The mark up amount =0.5\times120=\$60

The mark up amount =$60

Now, the selling price of suit = Cost price +Mark up

The selling price of suit =$120+$60=$180


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