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Bismark Tractor put a markup of 26% on cost on a part for which it paid $350. Find the selling price

1 Answer

3 votes

Answer:

$441

Explanations:

Given the following;

• Cost of Tractor = $350

,

• Percent mark-up = 26%

Get the markup price:

Mark-up price = 26% of $350

Mark-up price = 0.26 of $350

Mark-up price = $91

Get the Selling Price

Selling Price = Cost of Tractor + Markup price

Selling Price = $350 + $91

Selling Price = $441

Therefore the selling price of the tractor is $441

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