Question

What is the selling price of an item if the original cost is $784.50 and the markup on the item is 6.5 percent?

selling price = original cost + markup value

A.
$509.95
B.
$831.57
C.
$835.49

Answer 1

The selling price of the item is $835.49

How to determine the selling price?

The given parameters are:

Original cost = $784.50

Markup = 6.5%

The selling price is calculated as

Selling price = Original cost * (1 + Markup)

So, we have:

Selling price =$784.50 * (1 + 6.5%)

Evaluate the expression

Selling price =$835.49

Hence, the selling price of the item is $835.49

Read more about mark up at:

https://brainly.com/question/2027650

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