the wholesale price for a shirt is $5.50. a certain department store marks up the wholesale price by 80%…

the wholesale price for a shirt is $5.50. a certain department store marks up the wholesale price by 80%. find the price of the shirt in the department store. round your answer to the nearest cent, as necessary.

the wholesale price for a shirt is $5.50. a certain department store marks up the wholesale price by 80%. find the price of the shirt in the department store. round your answer to the nearest cent, as necessary.

Answer

Answer:

$9.90$

Explanation:

Step1: Calculate the markup amount

Markup amount = Wholesale price × Markup percentage $5.50\times0.80 = 4.40$

Step2: Calculate the store - price

Store price = Wholesale price+Markup amount $5.50 + 4.40=9.90$