Question
Use your calculator to solve each application.A store marks up items 42.5% to allow for profit. If an item costs a store 24.40 dollar what will its selling price be?
Step 1
5% to allow for profit. This means that the selling price of an item will be 100% of its cost price plus an additional 42.5%. Therefore, we are looking for 142.5% of the original price. Show more…
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Algebra, Mathematical Models, and Problem Solving
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