Question

A retailer buys a calculator for $5.30. What selling price would represent a 210% markup?

Answer 1

The selling price is $16.43

Explanation:

we know that

A markup percentage is the amount of the cost of an item that you add on to create the selling price

we have that

`100\%+210\%=310\%=310/100=3.10`

To find out the selling price, multiply the cost of a calculator by the factor 3.10

so

`\$5.30(3.10)=\$16.43`

therefore

The selling price is $16.43