Cost price = $44
mark up percent = 80% = 80/100 = 0.8
selling price = ?
The markup formula:
[tex]markup=\text{ }\frac{selling\text{ price - cost price}}{\cos t\text{ price}}[/tex][tex]\begin{gathered} 0.8=\text{ }\frac{selling\text{ price - 4}4}{44} \\ \text{cross multiply:} \\ \text{0.8(44) }=\text{ selling price - 44} \\ \end{gathered}[/tex][tex]\begin{gathered} 35.2\text{ = selling price - 44 } \\ 35.2\text{ + 44 = selling price } \\ \text{selling price = \$79.2} \end{gathered}[/tex]