If a store purchases an item for $50 and applies a markup of 100%, what will be the final price of the item?

To calculate the final price of an item after a store applies a markup, you first need to understand how the markup percentage works.

In this case, the store buys an item for $50. A markup of 100% means that the store is adding an amount equal to the cost of the item to its selling price.

Here’s the step-by-step breakdown:

1. Calculate the markup amount: Since the markup is 100%, this means the store will add $50 (which is 100% of the purchase price) as the markup amount.
2. Add the markup amount to the initial purchase price: $50 (cost) + $50 (markup) = $100.

Therefore, the final price of the item after the markup will be $100.

In summary, when a store marks up an item by 100% from a purchase price of $50, the selling price becomes $100.