Marcus rode his bike 60 miles in 4 hours. Marcus thinks that in order to find the unit rate, he should determine how far he rode
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The markup percentage specifies the amount by which the selling price is
raised above the cost price.
- The correct option for the selling price is <u>B. p 1,070.00</u>
Reasons:
The original cost of the album = p900
The mark up percentage = 30%
Required:
The selling price
Solution:
The percentage mark up is given by the difference between the price at
which an item is for sale and its cost expressed as a percentage.
Therefore, we have;
900 × 0.3 = Selling price - 900
270 = Selling price - 900
Selling price = 900 + 270 = 1,070
The selling price is <u>B. p 1,070.00</u>
Learn more about percentage markup here:
There is either a thereom or postulate that states that if 2 such angles share the same arc, then the larger will be twice the angle of the smaller
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