the wholesale price for a shirt is $7.50. a c...
the wholesale price for a shirt is $7.50. a certain department store marks up the wholesale price by 50%. find the price of the shirt in the department store. round your answer to the nearest cent, as necessary.
Answer
# Explanation:
## Step1: Calculate the markup amount
The markup is 50% of the wholesale price. So, the markup amount $m$ is $m = 7.50\times0.50$.
$m=7.50\times0.50 = 3.75$
## Step2: Calculate the store - price
The store - price $p$ is the sum of the wholesale price and the markup amount. So, $p=7.50 + m$.
$p = 7.50+3.75=11.25$
# Answer:
$11.25$