Question

A store is instructed by corporate headquarters to put a markup of 25​% on all items. An item costing ​$16 is displayed by the store manager at a selling price of ​$4. As an​ employee, you notice that this selling price is incorrect. Find the correct selling price. What was the​ manager's likely​ error?

Answer 1

$20

Explanation:

the manager's error could likely be putting the percentage mark up rather than the markup price added to the original price

25%×16

= $4

mark up price= (16+4)$

= $20