Question

A $27 yoga mat is marked up 85%
to sell in the studio. What is the selling price of the yoga mat?(1 point)
$

Answer 1

To calculate the selling price of the yoga mat after an 85% markup, you can follow these steps:

1. **Determine the markup amount**:
\[
\text{Markup} = \text{Original Price} \times \text{Markup Percentage}
\]
\[
\text{Markup} = 27 \times 0.85 = 22.95
\]

2. **Calculate the selling price**:
\[
\text{Selling Price} = \text{Original Price} + \text{Markup}
\]
\[
\text{Selling Price} = 27 + 22.95 = 49.95
\]

Therefore, the selling price of the yoga mat is **$49.95**.