A store marks up merchandise 40% for profit. If the store purchases the item for $12, what is the selling price?
2 answers:
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Use the area of rectangle formula which is:
Given that:
- area of rectangle = 16
- width = 8
- length = x-5
Substitute in the formula:
Distribute 8 in the expression:
Move -40 to another side and change from -40 to 40.
Then move 8 to divide 56, leaving only x.
Hence, the answer is: