the wholesale price for a shirt is $7.50. a certain department store marks up the wholesale price by 50%…

the wholesale price for a shirt is $7.50. a certain department store marks up the wholesale price by 50%. 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 $7.50. a certain department store marks up the wholesale price by 50%. find the price of the shirt in the department store. round your answer to the nearest cent, as necessary.

Answer

Explanation:

Step1: Calculate the markup amount

The markup is 50% of the wholesale price. So, the markup amount $m$ is $m = 7.50\times0.50$. $m=7.50\times0.50 = 3.75$

Step2: Calculate the store - price

The store - price $p$ is the sum of the wholesale price and the markup amount. So, $p=7.50 + m$. $p = 7.50+3.75=11.25$

Answer:

$11.25$