Question

A store is selling a hat at a 55 percent markup. The store originally paid $16 for the hat. What is the retail price of the hat?

Answer 1

Answer:

55 percent divided the orginal amount paid so it is 16 dollars

Answer 2

Answer:

The answer is $24.80

Step-by-step explanation:

Add:

%100 + %55= %155

Since you need to markup.

Then you would make this Percentage a decimal:

%155 = 1.55

Finally you would multiply the decimal by the original price:

1.55 x 16 = 24.8

Which would give you a final answer of

$24.80 for the retail price of the hat.