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Anonymous Anonymous
  • 01-12-2015
  • Mathematics
Answered

If a store uses a selling price-based markup of 40% and an item costs the store $300, what selling price would the store set for the item?

Verified Answer :

redcloud redcloud
  • 01-12-2015

The store sells a product for 40% more than the what they buy it for.
40% is 0.40 in decimal because all percents are out of 100 (divide by 100)
300×(1+0.40)=$420

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