Find the markup and the selling price of the following item. round answers to the nearest cent. a suit costing $120.00 marked up 50% on cost

The mark up amount on suit is $60 and the selling price of suit is $180.

Step-by-step explanation:

Given: The cost price of the suit = $120

The mark up percent on suit = 50 %

Therefore, the mark up amount = 50% of $120

⇒ The mark up amount =

The mark up amount =$60

Now, the selling price of suit = Cost price +Mark up

The selling price of suit =$120+$60=$180

the answer

b. they are parallel and will never intersect.

560

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