Question

Please send help.....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, find M = and S =

Answer 1

M = 30 and S = 105.00

Explanation:

The cost of a typewriter = $75.00

Marked up on cost (M)= 40%

We will find out marked up (M) =
`(40)/(100)` × 75

= 0.40 × 75

M = 30

Now we will find out Selling price by adding cost of typewriter and marked up cost.

75.00 + 30 = 105

S = $105.00

Therefore,

M = 30 and S = 105.00