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