Question

Abdul buys dress pants from a clothing Company for P dollars he sells each pair of pants in his men's clothing shop at 40% markup select all the expressions below represent the new retail price of a pair of dress pants

Answer 1

$P + 0.4P or 1.4P

Explanation:

Given that:

Cost of dress pants = $P

Markup on cost price = 40%

The new retail price of a pair of dress pant :

(Cost price of the dress pant + markup on cost price)

$P + 40% of P

$P + 0.4P

New retail price = $P + 0.4P = 1.4P