Question

A laptop at a store cost $1600 and the markeup is 33% What is the selling price?

Answer 1

To determine the selling price of a laptop with a 33% markup on the original cost of $1600, you first calculate the markup amount of $528, and then add it to the original cost, resulting in a selling price of $2128.

Step-by-step explanation:

Finding the Selling Price with Markup

To find the selling price of a laptop with a 33% markup, we apply the markup percentage to the original cost and add that to the original cost. In this case, the original cost of the laptop is $1600. A 33% markup means you calculate 33% of $1600 and add it to the original cost:

• Markup amount = Original cost × Markup percentage
• Markup amount = $1600 × 0.33
• Markup amount = $528

Now, add the markup amount to the original cost to find the selling price:

• Selling price = Original cost + Markup amount
• Selling price = $1600 + $528
• Selling price = $2128

Therefore, the laptop will be sold for $2128 after including the 33% markup.