3. An exclusive clothing boutique triples the price of the items it purchases
for resale.
a. What is the boutique's markup percent?.
b. Write two expressions that represent the retail price of the clothes.

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ranikashyab066 ranikashyab066 · Answer 1 · 2020-01-18T11:08:42+01:00

Answer:

a) MARKUP PERCENT = 200%

b) If the cost price of clothing A = $10

then its retail price = $30

If the cost price of clothing B = $25

then its retail price = $75

Step-by-step explanation:

Let us assume the original price for the clothing = a

Now, boutique triples the price of the items it purchases for resale.

So, the resale value of the item of clothing = 3 times (Original price) = 3 a

So, here: The resale Value = 3 a

a) MARK UP Percentage = [tex](\frac{\textrm{SP - CP}}{CP}) \times 100[/tex]

[tex]\implies \% = (\frac{3a-a}{a} ) \times 100 = 200 \%[/tex]

or, the MARKUP PERCENT = 200%

b) Two expressions that represent retail price

If the cost price of clothing A = $10

then its retail price = 200% of 10 + 10 = 20 + 10 = $30

If the cost price of clothing B = $25

then its retail price = 200% of 25 + 25 = 50 + 25 = $75