an item costs a store $20 from the manufacturer. the store plans to mark up the item at 60% of the cost. use…

an item costs a store $20 from the manufacturer. the store plans to mark up the item at 60% of the cost. use this information to calculate the sticker price the store should sell the item for.\n$?\nround to the nearest cent.

an item costs a store $20 from the manufacturer. the store plans to mark up the item at 60% of the cost. use this information to calculate the sticker price the store should sell the item for.\n$?\nround to the nearest cent.

Answer

Explanation:

Step1: Calculate the markup amount

Markup = 60% of cost. Cost = $20. So, Markup = 0.60×20 = 12$.

Step2: Calculate the sticker - price

Sticker price = Cost+Markup. Cost = 20, Markup = 12. So, Sticker price = 20 + 12=32.

Answer:

$32.00