5. Some fashion companies in NYC use a 24% markup on their clothing. What would the markup be on a new \[tex]$440 jacket?

A. \$[/tex]24
B. \[tex]$105.60
C. \$[/tex]464
D. \$545.60

Question

03-08-2024
Mathematics

Answered

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5. Some fashion companies in NYC use a 24% markup on their clothing. What would the markup be on a new \[tex]$440 jacket?

A. \$[/tex]24
B. \[tex]$105.60
C. \$[/tex]464
D. \$545.60

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-03T13:37:35-04:00

Let's solve the question step-by-step:

1. Identify the Initial Parameters:
- The jacket costs \[tex]$440. - The markup percentage is 24%. 2. Convert the Percentage to Decimal: - A percentage of 24% is equivalent to 24/100 in decimal form. - $ \frac{24}{100} = 0.24 $. 3. Calculate the Markup Amount: - To find the markup amount, multiply the cost of the jacket by the markup rate. - Markup amount = Cost of jacket * Markup percentage. - Markup amount = 440 * 0.24. 4. Perform the Calculation: - $ 440 \times 0.24 = 105.60 $. Thus, the markup on the new \$[/tex]440 jacket is \[tex]$105.60. So the correct answer is: b. \$[/tex]105.60

Sagot :

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