Ask a question

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?

 this has todo with sells and markup rates

1 Answer by Expert Tutors

Tutors, sign in to answer this question.
Clayton P. | Science, Technology, Math and Engineering TutorScience, Technology, Math and Engineerin...
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.