Question

Given a Cost of $12.00 and a Markup of $7.20 find the Selling Price.

Answer 1

Question

Given a Cost of $12.00 and a Markup of $7.20 find the Selling Price.

Solution

We are given

Cost = $12.00

Markup (Profit) = $7.20

We want to find the Selling Price.

The formula for selling price (S.P.) is given by

`S.P\mathrm{}\text{ = Cost + Markup}`
`\begin{gathered} S\mathrm{}P\text{. = \$12.00 + \$7.20} \\ S\mathrm{}P\text{. = \$19.20} \end{gathered}`

Therefore, the selling price is $19.20