Question

Find the selling price.

Markup ($) = percent markup (%) x original cost ($)

Selling price ($) = original cost ($) + markup ($)

A local gaming store bought a gaming console for $90. The gaming store sold the console, and the percent markup was 162%. What is the selling price?

The selling price is: $_________

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Answers

  2. Answer:
    $145.80
    Step-by-step explanation:
    The original cost of the product was $90.  There was a 162% markup.  In order to get the selling price, I like to take away 100 percent and simply add original price+(original price*62%).  After taking away 100%, I am left with 62%.  I then multiply the original cost ($90) by the remaining percent (62%), getting 55.8.  Following the steps that I originally wrote, I now add 90 to 55.8, getting 145.8.

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