Question

Find the selling price for a case of Newman's Own® special blend coffee that costs the retailer $35.87 if the markup is 22% of the selling price.

Answer 1

Answer:

The selling price is $46 approx.

Step-by-step explanation:

The cost price is = $35.87

Markup is 22% of selling price.

Let the selling price be = 100%

So, 100%-22%=78% = 0.78

So, solution is = $35.87/0.78=45.98$ ≈ $46.

Hence, the selling price is $46 approx.