If a store uses a selling price-based markup of 40% and an item costs the store $300, what selling price would the store set for

Question

il63 [147K]

3 years ago

15

If a store uses a selling price-based markup of 40% and an item costs the store $300, what selling price would the store set for

the item?

Mathematics

1 answer:

skelet666 [1.2K] · Answer 1 · 2022-08-20T23:00:48+03:00

skelet666 [1.2K]3 years ago

8 0

The store sells a product for 40% more than the what they buy it for.
40% is 0.40 in decimal because all percents are out of 100 (divide by 100)
300×(1+0.40)=$420