Question

The Winners' Circle sportswear and equipment store bought a baseball glove from DOCK's Sporting Goods for $66.00. They want to mark up the glove 70% on selling price. What should The Winners' Circle sell the glove for?

A. $220.00
B. $179.82
C. $113.22
D. $246.42

Answer 1

Correct answer is : $220

Explanation:

Here, cost price = $66

Let the selling price be $x.

According to the statement given in problem,

Selling price - cost price = 70% of selling price

i.e. x - 66 = 70% * x

x - 70x/100 = 66

30x / 100 = 66

x = 6600 / 30 = $220

i.e Selling price = $220