Question

7. The cost price of a book is $8. Find the selling price of the

book if the store's markup is 36%.

Answer 1

$10.88

Explanation:

To find the selling price, we first have to find the markup price by multiplying 8 by 36 and then dividing the product by 100.

• 8 × 36 = 288
• 288 ÷ 100 = 2.88

Now, we add the markup price the cost of the book.

• 2.88 + 8 = $10.88.

Therefore, the selling price is $10.88.