Question

A store pays $1.50 for a bag of candy. If the store wants to mark-up the price 60%,

for how much will the store sell the bag of candy?

Answer 1

Answer:

Selling price = $2.4

Step-by-step explanation:

Given:

Purchase price = $1.50

Increase in price = 60%

Find:

Selling price

Computation:

Selling price = Purchase price + (Purchase price)(Increase in price)

Selling price = $1.5 + (1.5)(60%)

Selling price = $1.5 + 0.9

Selling price = $2.4