Question

Office Mac purchases packs of pencils from the Manufacturer for $2.00 and applies a mark-up of 40%. How much do they actually sell the pencils for?

a. $2.00

b. $0.80

c. $2.80

d. $1.20

Answer 1

the answer is b

Explanation:

because

mark-up= profit

cost * 100%

making it:

40% = 0.80

2.00 * 100%