Question

find the retail price of a backpack that has a wholesale price of $25 and is marked up 40%. multiply $25 and 40% in decimal form to find the markup amount. 25(0.40) = $10 add the wholesale price to the markup amount. what is the selling price?

Answer 1

the selling price is $35

Answer 2

The selling price is $35.

Explanation:

The wholesale price of the backpack = $25

The markup percentage is = 40%.

So, markup price is =
`0.40*25=10` dollars

Now the selling price will be = wholesale price plus the markup amount.

Selling price =
`25+10=35` dollars

Therefore, the selling price is $35.