159k views
0 votes
Macy's department stores markup men's cologne 63% on cost for an 8 ounce bottle. A bottle of cologne costs Macy $23.00. What is the selling price for the 8 ounce bottle

2 Answers

3 votes
Multiply 23 by .63 and add that value to 23
User Chris Nauroth
by
8.1k points
2 votes

Answer:

The selling price for the 8 ounce bottle is $37.49

Explanation:

Markup percentage on the Men's cologne = 63%

Original Cost of a bottle of Cologne = $23

Mark up cost of 8 ounce bottle at the department store = 63% of Original Cost

= 63% of 23

= 0.63 × 23

= $14.49

Total selling price for the 8 ounce bottle = Original cost + Mark up cost

= 23 + 14.49

= $37.49

Hence, The selling price for the 8 ounce bottle is $37.49

User Juli
by
8.4k points