Find the markup and retail price of each p 28. cost of a shower head: \( \$ 42.50 \) markup: \( 60 \% \) Find the markup and markup rate of each

To find the markup, multiply the cost by the markup percentage. So, for a shower head costing $42.50, the calculation goes: \( 42.50 \times 0.60 = 25.50 \). This means the markup is $25.50. To find the retail price, simply add the markup to the cost: \( 42.50 + 25.50 = 68.00 \). Therefore, the retail price of the shower head is $68.00. The markup rate is calculated from the final retail price relative to the cost. To find the markup rate, divide the markup ($25.50) by the cost ($42.50): \( \frac{25.50}{42.50} \approx 0.6 \) or 60%. So your markup and markup rate are both nicely aligned at $25.50 and 60%, respectively!