A drill costs $85. Its markup ratte is 70% of the selling price. Find the markup and the selling price.

Caelan

Caelan

Answered question

2021-03-02

A drill costs $85. Its markup ratte is 70% of the selling price. Find the markup and the selling price.

Answer & Explanation

lamusesamuset

lamusesamuset

Skilled2021-03-03Added 93 answers

The markup is the cost multiplied by the rate in decimals:
$85×0.7=$59.5
The selling price is the markup added to the cost:
$59.5+$85=$144.5

Do you have a similar question?

Recalculate according to your conditions!

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?