Question - Calculating Selling Price with a 35% Mark-Up
Solution:
The question is asking for the selling price of an item if it is marked up by 35% from the cost price.The cost price of the item is $125.To mark up the item by 35% of the cost price, you calculate 35% of $125 and then add it to the original cost price.35% of $125 is calculated as follows:(35/100) × $125 = 0.35 × $125 = $43.75Now, add this mark-up to the original cost price to get the selling price:Selling price = Cost price + Mark-upSelling price = $125 + $43.75Selling price = $168.75So, the selling price of the item is $168.75.
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