Question

Error Analysis A store is instructed by corporate headquarters to put a markup of 11% on all items. Anitem costing $18 is displayed by the store manager at a selling price of $2. As an employee, you noticethat this selling price is incorrect. Find the correct selling price. What was the manager's likely error?The correct selling price is $ ). (Round to the nearest dollar as needed)Enter your answer in the answer box and then click Check Answer

Answer 1

The item cost $18 and the selling prices must aim a markup os 11%

Therefore, the selling price of this item should be 1.11*18 = $19.98

Rounding to the nearest dollar, the price should be $20

Then, the manager's likely error was doesn't display the "0" algarism for the selling price.