11.275 is the sale price of the hat
Step-by-step explanation:
Brainly the owner of a hat store buys a hat for 5.50 and he uses a mark-up rate is 105%. Need to find out what is the sale price of the hat.
Here, given data, cost price of hat = 5.5. Let the selling price of hat be x and find the data as asked in question,
[tex]\text {Markup rate}=\frac{S . P .-C . P .}{S . P .} \times 100[/tex]
[tex]105=\frac{x-5.5}{5.5} \times 100[/tex]
[tex]\frac{105 \times 5.5}{100}=x-5.5[/tex]
[tex]\frac{577.5}{100}=x-5.5[/tex]
5.775 + 5.5 = x
Where,
S.P - sale price
C.P - cost price
Therefore, x = 11.275 is the sale price of the hat.
