Question

Question #2a7b7

Answer 1

The selling price is `$187.50`.

Explanation:

The clothing store is buying a jacket at a cost of $150.00 from the manufacturer. When asked to find the selling price, you're trying to find the price that the store sells the product for on shelves.

Since you're provided with a mark up of 25%, you can write an equation to determine how much the shelf-price will be. This is can be written as "25% of the jacket plus the jacket's price equals s, the shelf-price."

`(25% * $150) + ($150) = s`

Remembering to shift the decimal of the percent, we are given the following formula to solve:

`(0.25 * 150) + (150) = s`
`(37.5) + (150) = s`
`187.5 = s`

Remember that when dealing with money, you always want to include the currency symbol ($) and to expand/contract the decimal place to meet two place values.

`$187.50` is the final shelf-price, after a `25%` markup.