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15 November, 17:13

A store marks up merchandise 40% for profit. If an item costs the store $15, what is the selling price?

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  1. 15 November, 17:19
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    The selling price is $21

    Step-by-step explanation:

    What is the markup

    Take the original price and multiply by the markup percent

    markup = 15*40%

    = 15*.4

    = 6

    The new price is the original price plus the markup

    new price = 15+6

    new price = 21

    The selling price is $21
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