Question

In order to make a profit, a store has to mark up their prices by 18%. If the sales price is $100.30, what price does the stored order the items for? (only answer if your a 100% correct please)

Answer 1

$85

Explanation:

Selling price = 118%

Buying price = 100%

Hence

118% = $100.30

100%= ?

(100*100.30)/118

= $85