Answer
Selling Price = 79.2 dollars
Explanation
Markup percentage is given as
[tex]\text{Markup percentage = }\frac{Markup}{Cost\text{ Price}}\times100\text{ percent}[/tex]Then,
Markup = (Selling Price) - (Cost)
For this question,
Markup percentage = 80%
Markup = ?
Cost price = 44 dollars
Selling price = ?
[tex]\begin{gathered} \text{Markup percentage = }\frac{Markup}{Cost\text{ Price}}\times100\text{ percent} \\ 80\text{ = }\frac{Markup}{44}\times100 \\ \text{Markup = 0.8}\times44=35.2\text{ dollars} \end{gathered}[/tex]Markup = (Selling Price) - (Cost)
35.2 = Selling Price - 44
Selling Price = 44 + 35.2 = 79.2 dollars
Hope this Helps!!!
