Question:

what is 15% markup of 58.89?
please show equation and why?
which is correct?
58.89 divided by .85
or
58.89 times 1.15

Hi,

15% of 58.89 is  ¹⁵/₁₀₀58.89 = 0.1558.89 = 8.8335. Thus a markup of 15% on an item worth $58.89 would be $8.83. Hence the price, after the markup, would be $58.89 + $8.83 = $67.72.

You can do this in one step by 1.15  $58.89 = $67.72

Cheers,
Penny

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