Answer:
$56.51
Step-by-step explanation:
Given parameters:
Cost price by the store = $49.14
Amount of mark up = 50%
Unknown:
Make- up price = ?
Solution:
Since the price was increased by 50% more, to find the mark up price, we can find 50% of the cost price and add the value to the cost price.
Also;
Make-up price =( 1 + [tex]\frac{50}{100}[/tex] ) x $49.14
= 1.15 x $49.14
= $56.51
