Question

What price should a retailer place on an item that costs him $13.95, if he wants a markup of 30%?

Answer 1

13.95+(13.95×0.30)
=18.14

Answer 2

Answer:

$18.14 price should a retailer place on an item

Step-by-step explanation:

As per the statement:

An item that costs him $13.95, if he wants a markup of 30%.

Cost of an item = $13.95

Markup = 30%

Marked price = $\frac{30}{100} \cdot 13.95 = \ 4.185$

then;

Price should a retailer place on an item = $13.95 +$4.185 = $18.135≈$18.14

Therefore, $18.14 price should a retailer place on an item that costs him $13.95, if he wants a markup of 30%