Question

If you receive a 25% MARKUP on an item costing $60.00, how much money do you pay in total?

Answer 1

Answer:

Money Paid in Total  = $45

Step-by-step explanation:

Firstly, the term Mark-up refers to the amount added to the cost price to cover the overheads and realize a profit.

A mark-up percentage is a percentage (%) that is used as a basis to determine the mark-up value.

Given

Cost of an Item = 60$

Markup % = 25% on cost

Hence, Mark up in $ = 60$*25%

                                   = 15$

Therefore, Actual cost of an item = Cost of an item - Mark up on Item

                                                        = 60$ - 15$

                                                         = 45$

Read more on Brainly.com -

https://brainly.in/question/47347085

#SPJ10