Selling Price after a 44.44% Profit Margin is applied to an item that Cost $5

Given: Cost = $5,  Profit Margin = 44.44%
Profit Margin as a Decimal: 44.44% = 0.4444
Formula:
Selling Price =  

Cost/ 1 – Profit Margin as a Decimal

Selling Price =  

$5/ 1 – 0.4444

Selling Price =  

$5/ 0.5556

Selling Price = $9
Notes:
Profit = Selling Price – Cost = $9 – $5 = $4
Markup Amount = Profit = $4
Markup Percentage =  

Markup Amount/ Cost

=  

$4/ $5

= 0.8 = 80%