"a sweater that costs $20 was marked up by 60%. what was the markup and what is now the selling price? "

for the markup i got 12 and for the selling price i got $32. did i do this right?

60% increase being 160% of the original which is $20. So the multiplier would be 1.6, and the answer would give you $32. So yes. you're right. The markup is the selling price- buying price (cost.) =)

It will might be false