Question

A music store bought a CD set at a cost of​ $20. When the store sold the CD​ set, the percent markup was​ 40%. Find the selling price.

Answer 1

Explanation:

sp=(100+p)% of cp

=100+40/100*20

=140/100*20

=28

Answer 2

$28.00

Explanation:

1. The markup is 40% of the $20 cost, so the markup is:

(0.40)(20) = 8

2. Then the selling price, being the cost plus markup, is:

20 + 8 = 28

3. The CD set sold for $28.00