A ski shop has a markup rate of 50%. Find the selling price of skis that cost the storeowner $300. Fill in the blank to answer the question: The selling price is $.

The selling price is $450

Step-by-step explanation:

Here we have the mark up rate given as 50%. That is the store is going to add 50% to the cost of the ski,

Therefore, we have;

100% + 50% = 150%

The selling price will be 150% the cost price.

We use simple proportion to calculate the cost price as follows;

= $450

The selling price = $450.

Selling price is $600

Step-by-step explanation:

Mark up cost= Selling price - cost/cost *100

But from the question, we know the mark up cost which is 50%

We know the cost which is $300 dollars, but we don't know the selling price.

Therefore, from the formula above, we make the selling price subject of formula.

50%=(300-x/x) * 100

Expanding the bracket

1/2= 3000-100x

We cross multiply

= 60000-100x

We move the value of x over the equality sign to make it positive

So we have, 100x=60000

We multiply both sides by the value of x

100x/100= 60000/100

Therefore, x= $600.

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98

ok thats very interesting