25-02-2015
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Answered

$32 earrings marked up 80%

Verified Answer :

25-02-2015

formula for markup
sales price = original price × ( 1 + rate )

So in this case it would be...
sp = $32 × ( 1 + .80 )
$32 × ( 1.80 )
sp = $57.60

formula for discount ( if you need it )
sales price = original price × ( 1 - rate )
Just remember that the rate is the percentage ( to convert to a percentage to a decimal just move the decimal two places to the left )

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