Question

A chemistry set costing $27.50, marked up 32% on cost.

Answer 1

  revenue- 36.30$   profit- 8.80$

Answer 2

$36.30

Explanation:

The cost of a chemistry set = $27.50

It marked up 32% on cost.

Now we have to calculate 32% of 27.50

32% × 27.50

`(32)/(100)` × 27.50

= 0.32 × 27.50

= 8.80

Therefore, the new price would be 27.50 + 8.80 = $36.30

After marked up 32% on cost the price would be $36.30