A can of peas costing $0.37 is marked up 20% of cost. What is the selling price?
2 answers:
Answer:
Selling price of the can of peas is $0.444 .
Step-by-step explanation:
As given
A can of peas costing $0.37 is marked up 20% of cost.
20% is written in the decimal form
= 0.20
Marked up price = 0.20 × Cost of peas can
= 0.20 × 0.37
= $ 0.074
Thus
Selling price of the peas = Cost of peas can + Markup price
= $0.37 + $0.074
= $ 0.444
Therefore the selling price of the can of peas is $0.444 .
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