Question

Find the markup and the selling price of the following item. Round answers to the nearest cent. A skateboard costing $39.00 marked up 40% on cost.

Markup =

Selling price =

Answer 1

Markup- 15.60

Selling price - $54.60

Answer 2

The markup price of the item is 1560 cents and the selling price of the skateboard is 5460 cents .

Explanation:

As given

A skateboard costing $39.00 marked up 40% on cost.

40% is written in the decimal form .

`= (40)/(100)`

= 0.40

Markup price = 0.40 × Cost of the skateboard

= 0.40 × 39

= $15.6

As

1 dollar = 100 cents

Now convert 15.6 dollars into cents .

$15.6 = 15.6 × 100 cents

= 1560 cents

Thus markup price is 1560 cents .

Selling price of the items = Original cost of the skateboard + Markup price

= $39 + $15.6

= $ 54.6

As

1 dollar = 100 cents

Now convert 54.6 dollars into cents .

$54.6 = 54.6 × 100 cents

= 5460 cents

Thus selling price of the skateboard is 5460 cents .

Therefore the markup price of the item is 1560 cents and the selling price of the skateboard is 5460 cents .