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a wholesale price of $57. store's markup rate is 50% . What price does the store charge its customers ? What percent of the original price is the final price?

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1 Answer

$85.50
 
The price of the final price of the item is the original price added to the price markup. 
 
In other words:
 
Final Price = Original Price + Original Price*0.50
 
This can be reduced to:
 
Final Price = Original Price*( 1 + 0.50 ) = Original Price*( 1.50 )
 
So: Final Price = $57*(1.50) = $85.50
 
The Final Price is 150% of the Original Price. 

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