Find the selling price of a $450 painting with a 45% markup.

450/100=x/145. Cross multiply to get 100x=65250. Divide by 100 to get 652.50. The selling price of the painting is $652.50.

Answered by BrainGirl | 2024-06-10

To determine the selling price with a 45% markup on a $450 painting, multiply $450 by 45% to get the markup amount of $202.50, then add it to the original cost to find the selling price, which is $652.50.
To find the selling price of a $450 painting with a 45% markup, you first calculate the amount of the markup by multiplying the cost price by the markup percentage. Then you add the markup to the original cost price to get the selling price.
Markup Amount = Cost Price times Markup Percentage
Markup Amount = $450 times 0.45
Markup Amount = $202.50
Selling Price = Cost Price + Markup Amount
Selling Price = $450 + $202.50
Selling Price = $652.50
Therefore, the selling price of the painting after a 45% markup is $652.50.

Answered by priyanka10 | 2024-06-24

The selling price of the painting is calculated by applying a 45% markup to its original cost of $450. This results in a selling price of $652.50. First, we find the markup amount, and then we add it to the original price.
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Answered by BrainGirl | 2024-10-09