A jewelry store marks its merchandise up by 80%. If the wholesale price of a bracelet is $55, what will the store charge for the retail price?help please

Answers

Answer 1

Answer:

Final answer:

To find the retail price of the bracelet, we first calculate the markup, which is 80% of the wholesale price, and add it to the wholesale price. In this case, the retail price would be $99.

Explanation:

In this question, you're being asked to find out how much a jewelry store charges for a bracelet if they mark up the price by 80% from the wholesale price. The wholesale price is given as $55.

First, you need to find out what 80% of the wholesale price is. You can do this by multiplying the wholesale price ($55) by 0.80 (which is the equivalent of 80%). That gives you $44. This amount represents the markup the store adds to the wholesale price to get their retail price.

So, the retail price is the wholesale price ($55) plus the markup ($44). That brings you to a total of $99. So, the jewelry store would charge $99 for the bracelet.

Learn more about Percentage Markup here:

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Answers

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Answers

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Answers

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Answers

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