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25 October, 16:46

You are a department manager for Dillon's. Your policy is to mark up the merchandise you sell in your department by 27%. The newest string cheese that you have gotten in has a cost of $3.00 a package. What price will you sell this package for?

[hint: what is mark up rate? (1+rate) x regular price = new price

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  1. 25 October, 17:05
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    Step-by-step explanation:

    Mark up rate = 27%

    Purchase price = $ 3.00

    New price = Purchase price + Mark up price

    Markup price = 27/100 (3.00) = 0.81

    New Price = $3.00 + $0.81 = 3.81

    Selling Price = $3.81
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