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marshmallow2231 marshmallow2231
  • 03-02-2016
  • Mathematics
Answered

"A sweater that costs $20 was marked up by 60%. what was the markup and what is now the selling price?"


for the markup I got 12 and for the selling price I got $32. did I do this right?

Verified Answer :

nikkiwatkinz
nikkiwatkinz nikkiwatkinz
  • 03-02-2016

60% increase being 160% of the original which is $20. So the multiplier would be 1.6, and the answer would give you $32. So yes. you're right. The markup is the selling price- buying price (cost.) =)

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