Answer: The correct selling price is $29.97.
Step-by-step explanation:
Since we have given that
Cost price of an item = $27
Mark up rate = 11%
So, Amount of mark up would be
So, Amount after mark up would be
Hence, the correct selling price is $29.97.
The manager's likely error is that he has put the selling price the mark up amount only i.e $2.9≈$3 instead of adding the mark up amount to the cost price.
Answer:
Step-by-step explanation:
=> 78% makes:
=> 
<u><em>In simplest form:</em></u>
=>
There is a 25% decrease because the decrease is 30, which is 25% of 120.
