Question

A store owner buyso backpacks at a certain price and sells them at a higher price. The difference is called the markup. If she pays 21$ for a backpack and adds a 40% markup on the price she paid,what is the selling price?

Answer 1

The selling price is $29.40

EXPLANATION

10% of $21 = $2.10

$2.10 x 4 = $8.40 = 40%

$21 + $8.40 = $29.40

Hope this helps!