The amount of the markup is $48 + $48 (0.55) .
Option (C) is correct .
Mark up refers to the value that a player adds to the cost price of a product. The value added is called the mark-up. The mark-up added to the cost price usually equals retail price.
As given
An item is purchased for a wholesale price of $48 and will be sold at a 55 percent markup.
55% is written in the decimal form .
= 55/100
= 0.55
Markup price = 0.55 × wholesale price of item .
= 0.55 × $48
= $48 (0.55)
Price of item after markup = Wholesale price of item + Markup price
= $48 + $48 (0.55)
Thus, the amount of the markup is $48 + $48 (0.55) .
Option (C) is correct .
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