A retailer buys a coat in bulk at a unit price of $45. The coat is marked up to 28% to sell in the store. What is the price of t
he coat in the store?
1 answer:
Answer:
57.60
Step-by-step explanation:
If the coat is marked up 28%, then the cost is increased by 28% to produce the selling price.
SP = 45 + 28/100 * 45
SP = Selling Price
SP = 45 + 28*45 / 100
SP = 45 + 1260 / 100
SP = 45 + 12.60
SP = 57.60
Answer: The selling price is 57.60
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