Question

The local furniture store pays $60 for a sofa andsells it with a 30% markup. What is the sellingprice of the sofa?

Answer 1

Question:

The local furniture store pays $ 60 for a sofa and sells it with a 30% markup. What is the selling price of the sofa?.

Solution:

Let the following data:

Base price = $60

30% of base price = $60 x 0.3 = $18

Then:

Selling price = $60 + $18 = $78.

Then, we can conclude that the correct answer is:

The selling price of the sofa is $78.