SOLUTION: Retail dress shop used a mark up rate of 50%. The dress cost the retailer 25.00. The markup is 50% of the cost so the markup is: (0.50)(25)=$12.50, $25 + $12.50= 37.50 The item sol

SOLUTION: Retail dress shop used a mark up rate of 50%. The dress cost the retailer 25.00. The markup is 50% of the cost so the markup is: (0.50)(25)=$12.50, $25 + $12.50= 37.50 The item sol

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Question 6153: Retail dress shop used a mark up rate of 50%. The dress cost the retailer 25.00. The markup is 50% of the cost so the markup is: (0.50)(25)=$12.50, $25 + $12.50= 37.50 The item sold for $37.50. Is this correct?
Answer by CharStar(110) (Show Source): You can put this solution on YOUR website!
You are correct.
25% of $25.00 is $12.50
Add $25.00 + 12.50 = 37.50

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