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cost price of the baby blanket is $14.35 and markup is $15.64.
as we know selling price of the baby blanket is $29.99 and the markup percentage is 109%.we have to calculate the cost and markup of the blanket.
let the cost price c.p.= $x
then with the markup selling price s.p. will be = x+ 109% of x
s.p.= x+1.09x =2.09x
this s.p. is $29.99 given from the question.
2.09x = 29.99
x = 29.99/2.09 = 14.35
and markup = 1.09×14.35 = $15.64