Question

If a store uses a selling price-based markup of 40%, and an item costs the store $300, what selling price would the store set for the item ?
A.335

B.400

C.435

D.500

My Answer is C.435

Answer 1

Answer:

Selling price would the store set for the item   500

Explanation:

SELLING PRICE= 100% 500  

COST=                  60% 300

MARKUP=          40% 200  

   

   

% Cost                  60%  300 Cost

%Selling price 100% x  

   

X=selling price    

X=100%*300/60%    

X=500