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Your typical markup for merchandise is 40%. your cost on an item is $8.00. calculate the selling price. a.$4.80 b.$8.32 c.$11.20 d.$12.00
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Your typical markup for merchandise is 40%. your cost on an item is $8.00. calculate the selling price.

a.$4.80
b.$8.32
c.$11.20
d.$12.00

User Zefiryn
by
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1 Answer

6 votes
The selling price would be $11.20.

40% = 40/100 = 0.4

The mark up is 40% of the cost; this means 40% of 8:

40% of 8 = 0.4(8) = 3.20
8 + 3.20 = 11.20
User Mykol
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