Question

The original price of a school bag is $50. The markup used by the store on the school bag is 100%. Find the selling price of the school bag.

• A. $\$150$
• B. $\$75$
• C. $\$200$
• D. $\$100$

Answer 1

The correct option is D $\$100$

Given, the original price of the school bag is $\$50.$

Given, percentage of markup is $100\%.$

Markup $=\text{100\% of original price}$
$=100\%\text{of}\$50$
$=\frac{100}{100}\times \$50$
$=1\times \$50$
$=\$50$

$\text{Selling price = Original price + Markup amount}$
$=\$50+\$50=\$100$

Hence, the selling price of the school bag is $\$100.$