Question

Cost to store: $32

Markup: 16%

Selling Price: ?

Answer 1

Hello! And thank you for your question!

Since we know the markup and price we can do the work.

$32 x 16% equals P

We are going to want to make 16 a decimal (0.16%)

$32 x 0.16% = $5.12

Then add the original price plus the markup.

$32 + $5.12 = $37.12

Final Answer:

$37.12

Answer 2

32 times .16 = 5.12 32 plus 5.12 = 37.12 so the selling price should be 37.12