Find the markup and the selling price of the following item. Round answers to the nearest cent.A skateboard costing $39.00 marked up 40% on cost.Markup = a. $97.50b. $15.60c. $40.00Selling price = a. $1.00b. $54.60c. $79.00
Accepted Solution
A:
The correct answer for the markup is B, 15.60. multiply 39x.4 and then subtract that answer to get 15.60. the selling price is now B, 54.60