A store is instructed by corporate headquarters to put a markup of 25% on all items. An item costing $16 is displayed by the s

Question

3 years ago

11

A store is instructed by corporate headquarters to put a markup of 25% on all items. An item costing $16 is displayed by the s

tore 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?

Mathematics

1 answer:

tigry1 [53] · Answer 1 · 2022-11-17T06:27:00+03:00

tigry1 [53]3 years ago

7 0

Answer:

$20

Step-by-step explanation:

the manager's error could likely be putting the percentage mark up rather than the markup price added to the original price

25%×16

= $4

mark up price= (16+4)$

= $20

A store is instructed by corporate headquarters to put a markup of 25​% on all items. An item costing ​$16 is displayed by the s

A store is instructed by corporate headquarters to put a markup of 25% on all items. An item costing $16 is displayed by the s