Question

A local store buys hand-made checkers sets from a woofworker for $18 each and sells them at an 86% markup in price. What is the retail price of the checkers sets?​

Answer 1

To find the retail price of the checkers sets, add the 86% markup to the cost price of $18.

Step-by-step explanation:

To find the retail price of the checkers sets, we need to calculate the 86% markup on the cost price. The cost price of each set is $18, so we can calculate the markup as follows:

Markup = 86% of $18 = $18 x 0.86 = $15.48

To find the retail price, we add the markup to the cost price:

Retail price = Cost price + Markup = $18 + $15.48 = $33.48

Therefore, the retail price of the checkers sets is $33.48.