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19 February, 04:04

Cost to store: $15

Markup: 18%

selling (retail) price:?

Explain.

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Answers (1)
  1. 19 February, 04:31
    0
    The formula is % * cost price : 100

    to find what is the 18% of the cost price

    so substitute

    18·15:100

    270/100

    2.7 = 18% of cost price

    then subtract it from the cost price

    15-2.7 = $12.3

    there is your answer
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