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zahaylia18
zahaylia18 zahaylia18
  • 06-11-2015
  • Mathematics
Answered

A store buys an item for $50 and marks it up 100%. What is the price?

Verified Answer :

Sailormanenzo
Sailormanenzo Sailormanenzo
  • 06-11-2015

$100 

100% would be doubling it.

Answer Link
smmwaite
smmwaite smmwaite
  • 03-10-2018

Answer

     = $100


Explanation

Profit =  selling price  -  buying price

percentage profit = profit/buying price × 100%

100% = profit /$50

Profit = 100% × $50

           = 100/100 × $50

             = 1 × $50

              = $50

Selling price = buying price + profit

                     = $50 + $50

                     = $100

Answer Link

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