Question

Find the selling price.

A store pays $3 for a magazine. The markup is 5%.
What’s The selling price?

Answer 1

$3.15

Explanation:

selling price or sales price:

original price x ( 100% + markup)

= 3 x ( 100% + 5% )

= 3 x ( 105% )

= 3.15

Answer 2

selling price = 3 + 3(0.05)

selling price = 3 + 0.15

selling price = $3.15

Hope this helps!! :)