A store is instructed by corporate headquarters to put a markup of 43% on all items. An item costing $7 is displayed by the st

Question

3 years ago

9

A store is instructed by corporate headquarters to put a markup of 43% on all items. An item costing $7 is displayed by the st

ore manager at a selling price of $3. As an employee, you notice that this selling price is incorrect. Find the correct selling price. What was the manager's likely error?

Mathematics

1 answer:

docker41 [41] · Answer 1 · 2022-06-16T18:45:58+03:00

docker41 [41]3 years ago

6 0

Answer:

The correct price is 10.01

Step-by-step explanation:

The manager multiplied the price by 43%, instead of noticing the words "mark up", which means the price increased by 43 percent and the cost is multiplied by 143/100!