a store buys a computer for $200. they mark it up by 40%. what will be the selling price?
a store buys a computer for $200. they mark it up by 40%. what will be the selling price?
Answer
Explanation:
Step1: Calculate the markup amount
The markup is 40% of the cost - price. The cost - price of the computer is $200. The markup amount $m$ is calculated as $m = 40%\times200$. Since $40%=\frac{40}{100}=0.4$, then $m = 0.4\times200 = 80$.
Step2: Calculate the selling price
The selling price $s$ is the sum of the cost - price $c$ and the markup amount $m$. We know that $c = 200$ and $m = 80$, so $s=c + m=200 + 80=280$.
Answer:
280