Question

Antonio bought a camper for $11,500. He restored it, then added 160% mark-up before advertising it for sale.

Answer 1

Explanation:

To calculate the selling price of the camper after Antonio restored it and added a 160% markup, you can follow these steps:

1. Calculate the markup amount:

Markup = 160% of the purchase price

Markup = 0.160 * $11,500

2. Add the markup amount to the purchase price to find the selling price:

Selling Price = Purchase Price + Markup

Selling Price = $11,500 + (0.160 * $11,500)

Now, calculate the markup and the selling price:

Markup = 0.160 * $11,500 = $1,840

Selling Price = $11,500 + $1,840 = $13,340

So, Antonio advertised the camper for sale at a price of $13,340 after restoring it and adding a 160% markup.