Barbara Duff manages a marina with her sister, Sheryl. To moor sailboats to the dock, the sisters needed rope. A maritime wholesaler was selling 5/8 inch twisted strand polypropylene rope in 500 foot rolls. The store had paid $123.64 per roll for the rope. For the sisters, the hardware store marked up the rope 20% above their cost. Compute the dollar markup and the selling price that the sisters would pay for one roll of the rope.

Dollar Markup

The difference between the cost of an item and its selling price expressed in dollars, indicating the gross profit on the item.

Selling Price

The final amount at which a product or service is sold to the consumer.

Twisted Strand Polypropylene Rope

Twisted strand polypropylene rope is a type of lightweight, strong, and versatile rope made from twisted strands of polypropylene fibers, used in various applications from marine to general purpose.