Find the selling price of a $62.25 karaoke machine with a 60.5% markup

Answer=$99.91

If the markup is 60.5%, then the selling price would be 160.5% of the original price.

160.5%=1.605

$62.25*1.605=$99.91125

Since you can't have 0.00125 dollars, lets round to the nearest hundredth.

The selling price is $99.91