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4 years ago

Bill marks up his goods 38% on cost. A Nikon camera cost Bill $410. What is Bill's selling price? (round to the nearest cent)

Business

1 answer:

mezya [45]4 years ago

6 0

Answer:

$565.8

Explanation:

Selling price is equal to cost price plus mark-up

In this case:

Cost of the Nikon camera is $410

The preferred mark-up is 38%

Actual markup is 38% of $410

=38/100 x $410

=0.38 x $410

=$155.8

Selling price = $410 + $ 155.8

=$565.8

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