Question

A grocery store has 60% mark up on a can of soup. The can of soup cost the store $1.50 what is the selling price for the can of soup

Answer 1

The new selling price is $2.40

Explanation:

1. First we need to convert 60% into a decimal, which is 0.60.

2. Now we need to multiply $1.50 and 0.60, so 1.50 × 0.60 = 0.90.

They added $0.90 to the can, now we need to add $1.50 and $0.90, which is $2.40.

Answer 2

Answer: $2.40

Work: So to find the markup price, you multiply the price by the markup, so the equation is going to be $1.50 x .60 (Remember, Markup and tax, you move the decimal two spots over) After the equation, you get $0.90. Add 90 cents to $1.50, and you get $2.40 (The Selling price with the markup) I hope this helps, and stay safe! :)