Question

Rick buys a remote control cars to resell. He applies a markup of 10%.

If Rick buys a remote control car for $28.00, what is his selling price?

Answer 1

The selling price is $30.80

Explanation:

Buying price = $28.00

Rick applies a mark up of 10%

The percentage of buying price is 100%

The percentage of selling price is 100% + 10% = 110%

So $28 = 100%

What about 110%?

Cross multiplying gives;

110/100 × $28 = $30.80

The selling price is $30.80