Question

If a store uses a selling price-based markup of 40%, and an item costs the store $300, what selling price would the store set for the item ?

A.335

B.400

C.435

D.500

My Answer is C.435

Answer 1

Selling price would the store set for the item 500

Step-by-step explanation:

SELLING PRICE= 100% 500

COST= 60% 300

MARKUP= 40% 200

% Cost 60% 300 Cost

%Selling price 100% x

X=selling price

X=100%*300/60%

X=500