Answer: The correct selling price is $29.97.
Step-by-step explanation:
Since we have given that
Cost price of an item = $27
Mark up rate = 11%
So, Amount of mark up would be
So, Amount after mark up would be
Hence, the correct selling price is $29.97.
The manager's likely error is that he has put the selling price the mark up amount only i.e $2.9≈$3 instead of adding the mark up amount to the cost price.
What are the answer options
Hope this helps
1. X= 4
2. X=7
3. 8.7x10^10
