# Find the amount of the markup.

## Presentation on theme: "Find the amount of the markup."— Presentation transcript:

Find the amount of the markup.
EXAMPLE 2 Finding a Retail Price Clothing A shirt has a wholesale price of \$16. The percent markup is 120%. What is the retail price? SOLUTION STEP 1 Find the amount of the markup. Markup 120% of \$16 = 1.2(16) = Write 120% as a decimal. 19.2 = Multiply.

EXAMPLE 2 Finding a Retail Price Add the markup to the wholesale price. STEP 2 16 + 19.2 35.2 = The retail price of the shirt is \$35.20. ANSWER

EXAMPLE 3 Finding a Retail Price A portable CD player costs \$48 before tax. The sales tax is 4.5%. What is the total cost? CD Player SOLUTION STEP 1 Find the amount of the sales tax. 4.5% of \$48 = 0.045(48) 2.16 STEP 2 Add the sales tax to the price of the portable CD player. 2.16 + 48 = 50.16

EXAMPLE 3 Finding a Retail Price ANSWER The total cost of the CD player is \$50.16.

GUIDED PRACTICE for Examples 2 and 3 Find the retail price. 5. Wholesale price: \$64 Percent markup: 85% The retail price is \$ ANSWER

GUIDED PRACTICE for Examples 2 and 3 Find the retail price. 6. Wholesale price: \$35 Percent markup: 110% The retail price is \$73.50. ANSWER

GUIDED PRACTICE for Examples 2 and 3 Find the total cost. Round to the nearest cent 7. Price: \$8.90 Sales tax: 5% The total cost is \$9.35. ANSWER

GUIDED PRACTICE for Examples 2 and 3 Find the total cost. Round to the nearest cent 8. Price: \$54.07 Sales tax: 7% The total cost is \$57.85. ANSWER