Question

A bookstore pays $4.50 for a novel. The percent of markup is 45%. Find the novel's selling price. 55 TE OME TELE mm​

Answer 1

Selling price= $6.53

Explanation:

Giving the following information:

A bookstore pays $4.50 for a novel. The percent of markup is 45%.

To calculate the selling price, we need to use the following formula:

Selling price= purchase price*(1 + mark up percentage)

Selling price= 4.5*1.45

Selling price= $6.53