A store buys an item for $50 and marks it up 100%. What is the price?

Solution:

Given, cost price = $50

Markup = 100%

We have to find the sale price.

Markup% = [(sale price - cost price)/cost price](100)

100 = [(sale price - 50)/50](100)

1 = (sale price - 50)/50

50 = sale price - 50

sale price = 50 + 50

sale price = $100

Therefore, the sale price is $100.

A store buys an item for $50 and marks it up 100%. What is the price?

Summary:

A store buys an item for $50 and marks it up 100%. The price is $100.