Question

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

Analyzing functions
ANSWERED
asked 2021-03-02
A drill costs $85. Its markup ratte is 70% of the selling price. Find the markup and the selling price.

Expert Answers (1)

2021-03-03
The markup is the cost multiplied by the rate in decimals:
\(\displaystyle\${85}\times{0.7}=\${59.5}\)
The selling price is the markup added to the cost:
$59.5+$85=$144.5
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