You've just received an order of silk flower arrangements from your wholesaler. You paid $20.00 each for them. Your store uses a
2 answers:
Answer:
Option D. $22.00
Step-by-step explanation:
Markup price is the amount added to the cost price to cover overhead expenses and profit.
You paid $20.00 each for them. your store uses a 10% markup rate.
10% markup on $20.00 = ( × 20) + 20
= (0.10 × 20) + 20
= 2 + 20 = $22.00
The selling price is $22.00 of the silk flower arrangements.
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Step-by-step explanation:
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