Answer: The dollar markup is $24
Step-by-step explanation:
To calculate the dollar markup when the selling price is $80 and the markup percentage is 30%:
1. Determine the markup amount:
Markup Percent = 30%
Selling Price = $80
Markup Amount = Markup Percent x Selling Price
Markup Amount = 30/100 x 80
Markup Amount = $24
Therefore, the dollar markup when the selling price is $80 and the markup percentage is 30% is $24.
