The owner of a music store received a shipment of stereos at a cost of $160 each. What will the selling price be if he applies a

Question

3 years ago

9

45% markup? $300 $205 $232 $88

1 answer:

kumpel [21] · Answer 1 · 2022-03-25T21:32:10+03:00

The selling price will be $232 if he applies a 45% markup.

Step-by-step explanation:

Cost of each stereo = $160

Mark up = 45%

Amount of mark up = $\frac{45}{100}*160$

Amount of mark up = $\frac{7200}{100} = \$72$

Selling price = Cost of stereo + mark up

Selling price = 160 + 72 = $232

The selling price will be $232 if he applies a 45% markup.

Keywords: addition, markup

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