Question

Find the markup and the selling price of the following item. Round answers to the nearest cent. A typewriter costing $75.00 marked up 40% on cost M = S =

Answer 1

M = $30.00

S = $105.00

Explanation:

Got it right on my assignment :)

Answer 2

Hence,

Selling price (S)= $ 105

Markup price (M)=$ 30

Explanation:

We have to find the markup and the selling price of the following item.

A typewriter costing $75.00 marked up 40% on cost.

i.e. cost price of typewriter=$ 75

Markup percent =40%.

i.e the markup is on the cost price.

Hence, the markup price is:

40% of cost price.

`=(40)/(100)* 75\\\\=30`

Hence, the markup price(M) is=$ 30.

Also selling price(S)= cost price+ Markup price

=75+30

=$ 105

Hence, the selling price(S) of the item is: $ 105

Hence,

Selling price (S)= $ 105

Markup price (M)=$ 30