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31 December, 01:56

A store marks up merchandise 40%for profit. If an item costs the store $12, what is the selling price?

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  1. 31 December, 02:14
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    40% of $12

    = 40% * 12

    = (40/100) * 12

    = 0.4 * 12 = 4.8

    Since it is a profit, selling price = 12 + 4.8 = 16.8

    Selling price = $16.80

    Hope this explains it.
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