Question

A bookstore buys Algebra 1 books at a wholesale price of $16 each. It then marks up the price by 83%, and sells the Algebra 1 books. What is the amount of the markup? What is the selling price

Answer 1

Markup is $13.28

Selling price is $29.28

Explanation:

Markup: $16 × .83 = $13.28

Selling price: $16 + $13.28 = $29.28