an item costs a store $35 from the manufacturer. the store plans to mark up the item at 40% of the cost. use…

an item costs a store $35 from the manufacturer. the store plans to mark up the item at 40% of the cost. use this information to calculate the sticker price the store should sell the item for.\n$?\nround to the nearest cent.

an item costs a store $35 from the manufacturer. the store plans to mark up the item at 40% of the cost. use this information to calculate the sticker price the store should sell the item for.\n$?\nround to the nearest cent.

Answer

Explanation:

Step1: Calculate the markup amount

The markup is 40% of the cost. The cost is $35. So the markup amount $m$ is $m = 35\times0.40$. $m=35\times0.40 = 14$

Step2: Calculate the sticker - price

The sticker - price $p$ is the sum of the cost and the markup. So $p=35 + m$. $p=35+14=49$

Answer:

$49.00$