Answer:
$465
Explanation:
55% markup means that they will sell the material at a price equal to the cost plus 55% of the cost. So, to calculate the price, we will find 55% of the cost:
[tex]\text{ \$300}\times55\text{ \% = \$300}\times\frac{55}{100}=\text{ \$165}[/tex]So, the price will be equal to:
Price = $300 + $165 = $465
