Question

The cost to manufacture a hair clip is $0.50. With a markup of 200%, what is the selling price of this hair clip?

Answer 1

Answer:

Step-by-step explanation:

The cost to manufacture a hair clip is $0.50. With a markup of 200%, what is the selling price of this hair clip?

Given data

cost to manufacture a hair clip is $0.50

markup of 200%

Required

The selling price

We know that

Mark up percent= selling-cost/cost*100

200= selling-0.5/0.5*100

200-selling= 50/0.5

200-selling= 100

selling= 200-100

selling = 100

Hence the selling price is $100