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?

Question

Mathematics

Justice Schmidt

2 February, 14:51

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?

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Answers (1)

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Alexis Zimmerman · Answer 1

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