A suit costing $120.00 marked up 50% on cost

Question

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:

• \( M = 60.00 \)
• \( S = 180.00 \)