Question

The local furniture store pays $300 for a dining room table and sells it with a 40% markup. What is the selling price of the dining room table? \

Selling Price = ?, Cost + Markup = ?

Answer 1

$420

Explanation:

Cost to the furniture store: $300

Markup: 40%

40% * $300 = $120

The markup is $120

Selling price = cost + markup = $300 + $120 = $420

Answer: $420