Question

Ticket #1Games Galore buys video games at the wholesaleprice of $30.00. The markup rate at Games Galore is40%. How much would you pay for the game at GamesGalore (not including tax)? Show your work.

Answer 1

Wholesale price = $30

MArkup rate = %40 = 40/100 = 0.4 ( decimal form)

Multiply the price by the markup in decimal form

Price = 30 x (1 + 0.4 ) = 30 x 1.4 = $42