Question

A store sells an outfit that consists of a shirt, a tie, and a pair of pants. The store purchases the shirt for $18, the tie for $12, and the pants for $35. The percent of markup is 22%. Find the selling price of the outfit.

Answer 1

50.70$ you saved 14.30$ on the outfit in TOTAL

Answer 2

The selling price of the outfit is $79.3.

What is markup percent?

The total profit on a particular commodity or service is called markup percent.

Or the markup percentage is the amount of the cost paid for an item that seller add on to create selling price.

How to convert percentage into a number?

To convert the given percentage into a number divide the given percentage by 100 and remove the percentage sign.

According to the given question

We have

Cost price of shirt = $18

Cost price of tie = $12

Cost price of pants = $35

Therefore, the total price of the outfits = $18 + $12 + $35 = $65

Also, the markup percent = 22%

⇒ markup price = $\frac{22}{100}(65)$ = $14.3

So, the selling price of the outfit after adding the markup price

=$65 + $14.3

= $79.3

Hence, the selling price of outfit is $79.3.

Find out more information about markup price and selling price here:

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