Question

If rick buys a remote control car for 28.00 what is his selling price and marks it up 10%

Answer 1

The selling price of remote control car is 30.8 unit

Explanation:

Given as :

The cost price (c.p) of remote control car = 28.00

The marks up percentage = 10%

Let the selling price = s.p

So, Marks up % =
`(s.p - c.p)/(c.p)` × 100

Or, 10 % =
`(s.p - c.p)/(c.p)` × 100

Or,
`(s.p)/(c.p)` =
`(110)/(100)`

∴ s.p =
`(110)/(100)` × c.p

s.p =
`(110)/(100)` × 28

So, s.p = 1.1 × 28 = 30.8

Hence The selling price of remote control car is 30.8 unit Answer