I craft store retailer uses a markup rate of 65%. A scrapbook kit cost three retailer $20 I did. What is the selling price of th e scrapbook kit?
2 answers:
Answer
Find out the selling price of the scrapbook kit .
To prove
As given
I craft store retailer uses a markup rate of 65%.
A scrapbook kit cost $20 .
Than 65% is written in the decimal form.
= 0.65
Mark up price = 0.65 × 20
= $ 13
Selling price of Scrapbook kit = Cost of Scrapbook kit + Mark up price.
= 13 + 20
= $33
Therefore the the selling price of the scrapbook kit $33.
<span>65% = 0.65
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