Assume markup is based on cost. Find the dollar markup and selling price for the following problem. (Round your answers to the n

Question

2 years ago

5

earest cent.)
Cost: $2,000
Markup percent: 30%

1 answer:

lutik1710 [3] · Answer 1 · 2023-03-20T19:08:34+03:00

The selling price is $2600 .

<h3>What is the meaning of Markup ?</h3>

Markup is difference between the selling price and cost price of the good.

It is given that Cost is $2000 , Markup % = 30%

The selling price = x% * 2000

The selling price = 130 * 2000 / 100

Selling price = $2600

Therefore the selling price is $2600 .

To know more about Markup

#SPJ1