What is the selling price of a $450 painting with a 45% markup?

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Answer 1 · 2018-03-27T21:05:49

$652.50

Let's assume that the phrase "45% markup" means that the price is 45% higher than the stated value of the painting.

Then the question is what number is 45% larger than 450?

450 is 100% of 450.

45% more than 450 is 145% of 450

To calculate this:

#450*145%#

#rArr450*(145)/(100)=450*1.45=652.5#

So the answer is $652.50