# 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?

See a solution process below:

The formula for determining the mark up price of an item is:

Where:

The retail price of the item is $38.75

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To find the retail price after a 55% markup, you first need to calculate the markup amount. The markup amount is 55% of the wholesale price, which is 0.55 * $25 =$13.75. Then, you add this markup amount to the wholesale price to find the retail price. So, the retail price should be $25 +$13.75 = $38.75.

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