Answered

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An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup. Which expression should be used to find the amount of the markup?
48 dollars (0.55)
48 dollars (55)
48 dollars (0.55) + 48 dollars
48 dollars (55) = 48 dollars

Sagot :

ashishdwivedilVT

The amount of the markup is $48 + $48 (0.55) .

Option (C) is correct .

What is Markup Price?

Mark up refers to the value that a player adds to the cost price of a product. The value added is called the mark-up. The mark-up added to the cost price usually equals retail price.

As given

An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup.

55% is written in the decimal form .

                                              = 55/100

                                              = 0.55

Markup price = 0.55 × wholesale price of item .

                      = 0.55 × $48

                     = $48 (0.55)

Price of item after markup = Wholesale price of item + Markup price

                                           = $48 + $48 (0.55)

Thus, the amount of the markup is $48 + $48 (0.55) .

Option (C) is correct .

Learn more about Markup price from:

https://brainly.com/question/11999225

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