The cost for the store to purchase the electric toothbrush will be;
⇒ $22.40
What is mean by Percentage?
A number or ratio that can be expressed as a fraction of 100 or a relative value indicating hundredth part of any quantity is called percentage.
To Calculate the percent of a number , divide the number by whole number and multiply by 100.
Given that;
The cost of electric toothbrush = $56
And, The price of markup = 40%
Now,
Since, The cost of electric toothbrush = $56
And, The price of markup = 40%
So, The cost for the store to purchase the electric toothbrush is;
= (40% of $56)
= (40/100 x 56)
= $22.4
Thus, The cost for the store to purchase the electric toothbrush will be;
⇒ $22.40
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