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16 March, 18:22

Rick buys a remote control cars to resell. He applies a markup of 10%.

If Rick buys a remote control car for $28.00, what is his selling price?

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  1. 16 March, 21:22
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    The selling price is $30.80

    Step-by-step explanation:

    Buying price = $28.00

    Rick applies a mark up of 10%

    The percentage of buying price is 100%

    The percentage of selling price is 100% + 10% = 110%

    So $28 = 100%

    What about 110%?

    Cross multiplying gives;

    110/100 * $28 = $30.80

    The selling price is $30.80
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