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the first bookstore knows from past expense records that it must aim for a markup that is 30% of the selling price of its merchandise.The store received a shipment of fairy tale books at a cost of $5.62 per book. What is the minimum selling price that the store should charge.

Guest Mar 6, 2017
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The minimum selling price will be 100% of the original price plus 30% of the original price.

 

The minimum selling price will be 130% of the original price.

 

130% of $5.62 = (1.30)($5.62) = $7.306 ≈ $7.31 per book

hectictar  Mar 6, 2017

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