. Harold works at a men's clothing store, which marks up its retail clothing by 27%. The store purchases pants for $74.00, suit jackets for $325.00, and dress shirts for $48.00. How much is the markup for a pair of pants, a dress shirt, and a suit jacket?
1 answer:
Answer:
567.69
Step-by-step explanation:
Let p represent the original price
The Mark up is 27%
= 27/100
= 0.27
= p + 0.27p
= 1.27p
The retail price for pants is
= 1.27(74)
= 93.98
The retail price for suit jacket is
= 1.27(325)
= 412.75
The retail price for dress shirt is
= 1.27(48)
= 60.96
Therefore the markup for a pair of pants, dress shirts and suit jacket can be calculated as follows
= 93.98 + 412.75 + 60.96
= 567.69
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