Selling price of the hair clip with markup 200 percent and cost of $0.50 is $1.50.
As given in the question,
Cost to manufacture a hair clip is equal to $0.50
Markup percent = 200%
Let 'x' be the selling price of the hair clip.
Formula used for markup percent is:
Markup percent =( Selling price - cost ) / cost
Substitute the value we get,
⇒ 200% =( x- 0.50) / 0.50
⇒ 200/100 =( x- 0.50) / 0.50
⇒ x - 0.50 =2 × 0.50
⇒ x = $1.50
Therefore, the selling price of the hair clip with given markup percent and cost is $1.50.
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