divyateal20 divyateal20
  • 10-07-2020
  • Mathematics
contestada

A store buys sneakers for $20.00 and marks them up 250%. What is the selling price?

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rainestormee
rainestormee rainestormee
  • 10-07-2020

Answer:

[tex]\$45[/tex]

Step-by-step explanation:

[tex]20+(2.5*20)=45[/tex]

Marking up means that the new value is added onto the original value.

As we are increasing the original price by 250% of the price, we need to multiply it by 2.5, as that is equal to 250%

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zrh2sfo
zrh2sfo zrh2sfo
  • 10-07-2020

Answer:

20*2.5 = $50 Gross margin $70 Selling price

Step-by-step explanation:

Answer Link

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