Question

A music store sells music equipment at a 35%

Answer 1

The selling price of an equipment costing $150.00 with 35% markup is $202.50

What is an equation?

An equation is an expression that shows the relationship between two numbers and variables.

An independent variable is a variable that does not depend on any other variable for its value whereas a dependent variable is a variable that depend on any other variable for its value.

Given that the mark up is 35%, hence:

Markup = [(selling price - cost price)/cost price] * 100%

Substituting:

$202.50

Selling price = $202.50

The selling price of an equipment costing $150.00 with 35% markup is $202.50

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