Question

You've just received an order of silk flower arrangements from your wholesaler. You paid $20.00 each for them. Your store uses a 10% markup rate. What is the selling price of the silk flower arrangements?

A. $200.00
B. $30.00
C. $2.00
D. $22.00

Answer 1

the answer to your question is D

Answer 2

Option D. $22.00

Explanation:

Markup price is the amount added to the cost price to cover overhead expenses and profit.

You paid $20.00 each for them. your store uses a 10% markup rate.

10% markup on $20.00 = (
`(10)/(100)` × 20) + 20

= (0.10 × 20) + 20

= 2 + 20 = $22.00

The selling price is $22.00 of the silk flower arrangements.