Question

Find the selling price. Cost to store: $20 Mark-up: 15% What is the selling price?

Answer 1

$23

Explanation:

First, we find what is 15% of $20.

0.15 times 20 is 3. Therefore, we know there was a markup of $3.

Then, we add the mark-up to the cost to store, and get $23.

So, the selling price is $23.