Question

A store makes a profit of $15 on a wallet, after a mark up of 60%, what is the selling priceof the wallet?

Answer 1

Answer:

Markup: $9 ; Selling Price: $24

Step-by-step explanation:

The store makes a profit of $15, to find the mark up of 60%, multiply 15 x 60%.

15 x 0.6 = 9

Add the markup price to the original price.

9 + 15 = $24

The selling price is $24