Answer:
1. Markup: $2.70, Retail: $20.70
2. Markup: $9.45, Retail: $31.95
3. Markup: $25.31, Retail: $59.00
4. Markup: $24.75, Retail: $99.74
5. Markup: $48.60, Retail: $97.20
6. Markup: $231.25, Retail: $416.25
Step-by-step explanation:
To get the markup price of an item, multiply it by the markup percentage as a decimal. To get the decimal of a percentage, divide the number by 100. For example, 15% would be 0.15. And then to find how much the item has been marked up by, multiply the current price by the decimal.
$18 * 0.15 = $2.70
So $2.70 is the markup. To find the retail price, you need to add the markup price to the current price given.
$18 + $2.70 = $20.70
So your retail price is $20.70. Repeat these steps for each question to get the answers above.
Hope this helps.
