Item  Cost  Amount of Markup  Selling Price  Percent Markup Based on Cost  
6.  Hat  $46.25  $50.00  $96.25 

To calculate: The selling price and percent markup based on cost, if the cost of a hat is
Given Information:
The cost of a hat is
Formula used:
The Selling Price can be calculated with the formula;
The formula for find the percentage of markup cost is to divide the markup cost of an item by the
Cost is;
Calculation:
The cost of a hat is
So,
The selling price is given as:
Substitute for
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