Jamie's parents own a hardware store. They asked Jamie to put the retail prices on an order of hammers that was just delivered. The wholesale cost of each hammer is $8.50. The store markup is 60%. What retail price will Jamie put on each hammer?

Retail price of  each hammer is $

Step-by-step explanation:

Given -

Whole sale cost of each hammer is   $

Whole sale price means the discounted price of each hammer at the time of purchase.

Retails price is the selling price marked on each hammer which is marked up by % on the whole sale price

As we know that

Marking up the price of any commodity by X % above its retails price means charging a price X% higher than the cost of the good or service

Retail price of one hammer

(Whole sale price of one + % Whole sale price of one hammer)

Substituting the given values in above equation, we get-

Retail price of  each hammer is $

1/2(2*4)=6 $$- agahajakanajak