Question

1. The local furniture store pays $140 for a chair and sells it with a

40% markup.
a. What is the markup?
b. What is the selling price of the chair?

Can u guys help and show the steps! pls thxs

Answer 1

a. $56

b. $196

Explanation:

a. Markup price

= 40% of 140

= 0.40*140

= $56

b. Selling Price

= $140 + $56

= $196