Question

HELP PLS use the original price and markup to find the retail price. original price $68 markup 20%

Answer 1

Answer: $81.60

Step-by-step explanation:

When we have an original price OP, and a markup of X% (this is how much increases the price with respect to the original price)

The retail price will be:

RP = OP + (X%/100%)*OP

RP = OP*(1 + X%/100%)

In this case, we have:

Original price = OP = $68

markup = X% = 20%

Replacing these in the above equation, we get:

RP= $68*(1 + 20%/100%) = $68*(1 + 0.20)

RP = $68*(1.20) = $81.60

Then the retail price of this particular item is $81.60