Question

The cost of some imported hand tools is ​$16.97 per set. A retailer decides to use a markup of 55​% on cost. Find the selling price of the set.

Answer 1

Explanation:

Markup refers to the difference between the selling price of a good or service and its cost. It is expressed as a percentage above the cost.

Cost price + markup = selling price

Amount of markup = 55/100 × 16.97

= $ 9.3335

Selling price = 16.97 + 9.3335

= $ 26.3035.

Answer 2

Answer: $26.2035

Explanation:

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