Question

Abdul buys dress pants from a clothing company for p dollars. He then sells each pair of pants in his men's clothing shop for 40% markup.

a. What is the retail price of the pants that Abdul purchased for $56.00
b. How much did Abdul add to the original price of the pants?

Answer 1

Answer:

a) new price = 78.40

b) markup = 22.40

Step-by-step explanation:

new price =  original price +original price * markup percent

new price = 56+ 56 *.40

new price = 56+ 22.4

new price = 78.4

the additional cost is the mark up

markup  = original price * markup percent

markup = 56 *.40

markup = 22.40