Question

4) A music shop purchases a guitar for $105. They then markup the price

60% before selling it in their shop. What is the retail price of the guitar? *
Plz help

Answer 1

$168

Explanation:

The markup amount is ...

60% × $105 = $63

When that is added to the store's cost, the retail price is ...

selling price = cost price + markup

selling price = $105 +63 = $168

The retail price of the guitar is $168.