Question

A store is instructed by corporate headquarters to put a markup of 67​% on all items. An item costing ​$6 is displayed by the store manager at a selling price of ​$4. As an​ employee, you notice that this selling price is incorrect. Find the correct selling price. What was the​ manager's likely​ error?

Answer 1

Answer:

The correct selling price = $10.02

The manager's likely​ error = $6.02

Step-by-step explanation:

Markup of 67​% on all items

An item cost $6

The correct selling price = $6 + 67% of $6

= $6 + 0.67 × $6

= $6 + $4.02

= $10.02

The correct selling price = $10.02

The store manager's selling price is ​$4.

The manager's likely​ error = The correct spelling price - the manager's selling price

= $10.02 - $4

= $6.02

The manager's likely​ error = $6.02