Question

find the retail price of a backpack that has a wholesale price of $25 and is marked up 40%. multiply $25 and 40% in decimal form to find the markup amount. 25(0.40) = $10 add the wholesale price to the markup amount. what is the selling price?

Answer 1

the selling price is $35

Answer 2

Answer:

The selling price is $35.

Step-by-step explanation:

The wholesale price of the backpack = $25

The markup percentage is = 40%.

So, markup price is = $0.40\times25=10$ dollars

Now the selling price will be = wholesale price plus the markup amount.

Selling price = $25+10=35$ dollars

Therefore, the selling price is $35.