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Cost to store is $1600, the markup is 33%, what is the selling price?

User Darren C
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2 Answers

5 votes

Final answer:

To find the selling price, calculate the markup amount (33% of the cost to store) and add it to the cost to store.

Step-by-step explanation:

To find the selling price, we need to calculate the markup amount and add it to the cost to store. The markup is 33% of the cost to store, which is $1600. To calculate the markup amount, we multiply 33% by $1600: $1600 * 0.33 = $528.

Next, we add the markup amount to the cost to store: $1600 + $528 = $2128.

Therefore, the selling price is $2128.

User Drhagen
by
8.4k points
4 votes
1600(1.33)= 2128

The selling price is $2,128.

Hope this helps!
User Pro Chess
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