Question

What price should a retailer place on an item that costs him $13.95, if he wants a markup of 30%?

Answer 1

13.95+(13.95×0.30)
=18.14

Answer 2

$18.14 price should a retailer place on an item

Explanation:

As per the statement:

An item that costs him $13.95, if he wants a markup of 30%.

Cost of an item = $13.95

Markup = 30%

Marked price =
`(30)/(100) \cdot 13.95 = \$ 4.185`

then;

Price should a retailer place on an item = $13.95 +$4.185 = $18.135≈$18.14

Therefore, $18.14 price should a retailer place on an item that costs him $13.95, if he wants a markup of 30%