determine sticker price - markup percentage\nan item costs a store $5 from the manufacturer. the store plans…

determine sticker price - markup percentage\nan item costs a store $5 from the manufacturer. the store plans to mark the item up at 80% of the cost. use this information to calculate the sticker price the store should sell the item for. $?

determine sticker price - markup percentage\nan item costs a store $5 from the manufacturer. the store plans to mark the item up at 80% of the cost. use this information to calculate the sticker price the store should sell the item for. $?

Answer

Explanation:

Step1: Calculate markup amount

Markup = $5 × 80% = $5 × 0.8 = $4

Step2: Calculate sticker price

Sticker price = Cost + Markup = $5 + $4 = $9

Answer:

$9