A store pays $8 for a pool noodle.The markup is 20%

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duhitzme345 duhitzme345 · Answer 1 · 2019-03-04T03:36:11+01:00

The markup price is $9.6

You will be paying 120% which is 1.20 as a decimal

So you multiply. 8(1.20) which gives you $9.6

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vintechnology vintechnology · Answer 2 · 2022-05-19T10:44:47+02:00

The selling price of the pool noodle that cost $8 at a mark up of 20% is $9.6

Mark up is an amount added to the cost price to determine the selling price. The mark up is like the profit of sells.

Therefore,

Mark up price = 20% of 8

Mark up price = 20 / 100 × 8

Mark up price = 160 / 100

Mark up price = 16 / 10

Mark up price = $ 8 / 5

Therefore

selling price = 8 + 8 / 5 = 40 + 8 / 5 = 48 / 5 = $9.6

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