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a clothing store pays $8 for a coin purse and sells them at 40% markup rate based on cost. what is the selling price of the coin purse
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a clothing store pays $8 for a coin purse and sells them at 40% markup rate based on cost. what is the selling price of the coin purse

User Giraffe Lion
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2 Answers

1 vote
8 dollars with a forty percent mark up cost would make the total $11.20.
Forty percent more of $8 would be $3.20, once you add them together you will get the total.
User Marijn Huizendveld
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7.5k points
0 votes
$8(100+40)/100

$8(140/100)

$8(1.4)

$11.20
User Ling Toh
by
6.7k points
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