Problema Solution
A store buys a n item for $50 and marks it up 100% what is the price?
Answer provided by our tutors
Markup% = 100((Sale price - Cost price)/Cost price)
Cost price = $50
Markup = 100%
Sale price = ?
100((Sale price - 50)/50) = 100
(Sale price - 50)/50 = 1
Sale price = 50 + 50
Sale price = $100