Question

A music store marks up the instument it sells by 30%. If the store boughta guitar for $45, what will be its store price

Answer 1

The store will sell it for $58.50

Explanation:

To find this amount, start by multiplying the cost by the mark up percentage.

$45 * 30% = $13.50

Now that we have the markup amount, we can add it to the original cost to get the store price.

$45.00 + $13.50 = $58.50