A store is instructed by corporate headquarters to put a markup of 43 % on all items. An item costing $7 is displayed by the store manager at a selling price of $3. As an employee, you notice that this selling price is incorrect. Find the correct selling price. What was the manager's likely error?

Question

Jadyn Shaw

Mathematics

13 January, 11:31

A store is instructed by corporate headquarters to put a markup of 43 % on all items. An item costing $7 is displayed by the store manager at a selling price of $3. As an employee, you notice that this selling price is incorrect. Find the correct selling price. What was the manager's likely error?

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Answers (1)

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Cruz Humphrey · Answer 1

The correct price is 10.01

Step-by-step explanation:

The manager multiplied the price by 43%, instead of noticing the words "mark up", which means the price increased by 43 percent and the cost is multiplied by 143/100!