Answer: The amount of the markup would be $26.40 and the expression would be [tex]\dfrac{55}{100}\times 48[/tex]
Step-by-step explanation:
Since we have given that
Whole sale price of an item = $48
Rate of mark up = 55%
So, amount of the mark up would be
[tex]\dfrac{55}{100}\times 48\\\\=\dfrac{55\times 48}{100}\\\\=\dfrac{2640}{100}\\\\=\$26.40[/tex]
Hence, the amount of the markup would be $26.40 and the expression would be [tex]\dfrac{55}{100}\times 48[/tex]
