A bookstore pays $4.50 for a novel. The percent of markup is 45%. Find the novel's selling price. 55 TE OME TELE mm
1 answer:
Answer:
Selling price= $6.53
Step-by-step explanation:
Giving the following information:
A bookstore pays $4.50 for a novel. The percent of markup is 45%.
<u>To calculate the selling price, we need to use the following formula:</u>
Selling price= purchase price*(1 + mark up percentage)
Selling price= 4.5*1.45
Selling price= $6.53
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