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4 September, 14:57

A sporting goods store buys a basketball for $10.00 and then adds a 110% markup to the price. How much will the basketball sell for in the store.

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Answers (2)
  1. 4 September, 16:06
    0
    Answer: The basketball will sell for $21.

    Step-by-step explanation:

    Hi, to answer this question, first, we have to multiply the cost of the basketball (10) by the percent markup in decimal form (divided by 100).

    Mathematically speaking:

    10 x (110/100) = $11

    Now, we have to add the markup amount (11) to the cost (10) to obtain the selling price:

    10 + 11 = $21

    The basketball will sell for $21.
  2. 4 September, 16:33
    0
    The price will be $21 on the store.

    Step-by-step explanation:

    In order to solve this question we can use a rule of three in such a way that $10 represents 100% and "x" represents 110%, we then sum "x" to the value the ball was bought which is 10 and that will be it's price in the store. We have:

    $10 - > 100%

    $x - > 110%

    10/x = 100/110

    100*x = 110*10

    100*x = 1100

    x = 1100/100 = 11

    store price = 10 + x = 10 + 11 = 21

    The price will be $21 on the store.
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