Question

What is the selling cost of a jacket that the store buys for $60 if the markup is 12%?

Answer 1

$67.20

Explanation:

We need to find out how much 1% costs so we can multiply that cost by 12 because it goes up 12%.

60/100=0.6

0.6*12=7.2

Now that we have the markup amount we add it to the actual price of $60 so

60+7.2=$60.20