If the wholesale price of an item is $250 and the markup is 20%, find the retail price of the item. Please explain. Thank you.
2 answers:
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Answer:
Length of the canal on the map is 16.4 centimeters.
Step-by-step explanation:
If actual length of Panama Canal = 20 kilometers
and length of the canal on map = 4 centimeters
Then scale factor =
=
=
If the actual length of Panama Canal = 82 kilometers
Then the length of canal on the map = Actual length × Scale factor
=
= 16.4 centimeters
Therefore, length of the canal on the map is 16.4 centimeters.