Question

A suit costing $120.00 marked up 50% on cost

M =

S =

Answer 1

To find the markup amount (M) and the selling price (S) of a suit that costs $120.00 and is marked up by 50%, you can follow these steps:

1. **Calculate the Markup (M)**:
\[
M = \text{Cost} \times \text{Markup Percentage}
\]
In this case, the markup percentage is 50%, which can be expressed as 0.50 in decimal form.

\[
M = 120.00 \times 0.50 = 60.00
\]

2. **Calculate the Selling Price (S)**:
\[
S = \text{Cost} + M
\]
Therefore,

\[
S = 120.00 + 60.00 = 180.00
\]

So, the final results are:
- \( M = 60.00 \)
- \( S = 180.00 \)