Question: 3. A hanbok is a formal, traditional outfit of Korean clothing. At a markup of 60%, what would be…

3. A hanbok is a formal, traditional outfit of Korean clothing. At a markup of 60%, what would be the retail price for a child’s hanbok with a wholesale price of $75?

4. Marco buys a certain brand of shampoo from a supplier at $7.25 per bottle. He sells it to his customers at a markup of 25%. What would the markup be?

Solution

Marco buys shampoo at \$7.25 per bottle. He sells it to his customers at a markup of 25%. To find the markup amount: \[ 25\% = 0.25 \] \[ \text{Markup} = 0.25 \times 7.25 & \] \[ \text{Markup} = \$1.81 & \] The markup is \$1.81. --- The third problem cannot be solved because the wholesale price of the child’s hanbok is not provided. Please provide the wholesale price to proceed with the calculation.