Drill Problem 8-10

Question

What is the selling price of a dining room set at Macy's? Assume actual cost is $800. And 55% markup on selling price. (Round your answer to the nearest cent)

Answer 1

1.55(800) = $1,240 selling price after 55% markup

55% = .55

.55 x 800 = 440

800+440 = 1240