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A bookstore buys Algebra 1 books at a wholesale price of $16 each. It then marks up the price by 83%, andsells the Algebra 1 books. What is the amount of the markup? What is the selling price?

Respuesta :

To find the markup price you need to multiply the 83% by the cost:

83%=0.83

16*0.83=13.28

and the selling price is the cost plus the markup price so

16+13.28=29.28

So the answer is:

The mark up is $ 13.28 and the final selling price is $ 29.28

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