Question

Regina bought a handmade quilt at original cost $120 to sell in her quilt store. She marked the price up 55%.

Answer 1

Answer:

$66.00

Step-by-step explanation:

We are asked to find the amount of markup on Regina's quilt. The amount of markup is given by

markup rate×original price=amount of markup.

The markup rate is in decimal form.

Since the original price was $120, and the markup rate is 55%=0.55, we have

0.55×120=66.

Thus, the amount of markup on Regina's quilt was $66.00.

Answer 2

Answer:

$Selling\ price = \ 190.65$

Step-by-step explanation:

Given

$Price = \ 123$

$Marked\ up = 55\%$

Required

The selling price

This is calculated as:

$Selling\ price = Price + Marked\ up* Price$

$Selling\ price = \ 123 + 55\% * \ 123$

$Selling\ price = \ 123 + \ 67.65$

$Selling\ price = \ 190.65$