Question

A store marks up merchandise 40% for profit. If an item costs the store $15, what is the selling price?

Answer 1

The selling price is $21

Explanation:

What is the markup

Take the original price and multiply by the markup percent

markup = 15*40%

= 15*.4

= 6

The new price is the original price plus the markup

new price = 15+6

new price = 21

The selling price is $21