Question

Candice bought a shipment of jeans to sell at her store for $20 each. She'd

like to have a 40% markup on the price of the jeans to make sure she can
cover the costs of her store. With this markup, what is the price of each pair
of jeans?
A. $12
O B. $8
O C. $32
O
D. $28

Answer 1

Answer: $28 (D)

Explanation: Just took the test

Answer 2

D. $28

Step-by-step explanation:

Given the following data;

Cost price = $20

Markup = 40%

To find the selling price;

Markup price = 40/100 * 20

Markup price = 800/100

Markup price = $8

Next, we would add the markup to the cost price;

Selling price = markup price + cost price

Selling price = 8 + 20

Selling price = $28

Therefore, the price of each pair of jeans is $28.