Answered

You've just received an order of silk flower arrangements from your wholesaler. You paid $20.00 each for them. Your store uses a 10% markup rate. What is the selling price of the silk flower arrangements?

A$200.00
B$30.00
C$2.00
D$22.00

Verified Answer :

the answer to your question is D

Answer:

Option D. $22.00

Step-by-step explanation:

Markup price is the amount added to the cost price to cover overhead expenses and profit.

You paid $20.00 each for them. your store uses a 10% markup rate.

10% markup on $20.00 = (@@MATH_TOKEN_0@@ × 20) + 20

                                       = (0.10 × 20) + 20

                                        =   2 + 20 =  $22.00

The selling price is $22.00 of the silk flower arrangements.

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