# A discount store marks up the merchandise it sells by 55%. If wholesale price a particular item is $25, what should the retail price be? ##### 1 Answer Jan 24, 2018 #### Answer: See a solution process below: #### Explanation: The formula for determining the mark up price of an item is: $p = c + \left(c \cdot m\right)$Where: $p$is the price (retail price) of the item: what we are solving for. $c$is the cost (wholesale price) of the item:$25 for this problem.

$m$ is the mark up percent: 55% for this problem. "Percent" or "%" means "out of 100" or "per 100", Therefore 55% can be written as $\frac{55}{100}$.

Substituting and calculating $p$ gives:

p = $25 + ($25 * 55/100)

p = $25 + ($1375)/100

p = $25 +$13.75

p = $38.75 The retail price of the item is$38.75