Question

What is the selling price of an item if the original cost is $784.50 and the markup on the item is 6.5 percent?

Answer 1

Answer:

Solution:

Given, cost price = $784.50

Profit = 6.5% of cost price

        = 6.5/100 × $784.50

        = $50.9925 [since, profit% is always on C.P.]

And selling price = cost price + profit

                      = $784.50 + $50.9925

                      = $835.4925

Hence, selling price = $835.4925

Answer 2

Answer:

$835.49

Step-by-step explanation: