if a product costs $85 and has a markup of 35%, what is the selling price?\n$114.75\n$112.75\n$110.75\n$116.7…

if a product costs $85 and has a markup of 35%, what is the selling price?\n$114.75\n$112.75\n$110.75\n$116.75\n$112.25

if a product costs $85 and has a markup of 35%, what is the selling price?\n$114.75\n$112.75\n$110.75\n$116.75\n$112.25

Answer

Explanation:

Step1: Calculate the markup amount

Markup amount = Cost × Markup percentage. So, $85\times 0.35 = 29.75$.

Step2: Calculate the selling price

Selling price = Cost + Markup amount. So, $85 + 29.75=114.75$.

Answer:

A. $114.75$