Question

A grocery store has a 60% markup on a can of soup. The can soup cost the store $1.50. What is the selling price for the can soup?

Answer 1

multiply $1.50 and 60%, which will give you 0.9. now multiply $1.50 and 0.9 and that'll give you$1.35. lastly, add $1.50 and $1.35 and that'll give you the answer which is $2.85.

Answer 2

Selling price for can soup is $2.4

Given that;

Mark up price rate = 60% markup

Soup cost = $1.5

Find:

Selling price for can soup

Computation;

Selling price for can soup = Soup cost × [1 + Mark up price rate]

Selling price for can soup = 1.5 × [1 + 0.6]

Selling price for can soup = 1.5 × [1.6]

Selling price for can soup = $2.4

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