Kris makes wooden toys for craft sales. He calculates the selling price of each toy as 250% of the cost of his material and labour. If the cost of the material and labour for each toy is $5.50, what will be the selling price of each toy be?
Take 5.50 and multiply it by 250% or 2.5
5.50*2.5 = 13.75
The price of the toy is $13.75