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In-s [12.5K]
3 years ago
11

A store is instructed by corporate headquarters to put a markup of 25​% on all items. An item costing ​$24 is displayed by the s

tore manager at a selling price of ​$6. As an​ employee, you notice that this selling price is incorrect. Find the correct selling price. What was the​ manager's likely​ error?
Mathematics
2 answers:
larisa [96]3 years ago
5 0

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.

Elenna [48]3 years ago
3 0

Answer:

hi

Step-by-step explanation:

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