Find the selling price. Cost to store: $50 Markup: 10% whats the selling price??

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Question:

Find the selling price. Cost to store: $50 Markup: 10% whats the selling price??

Answer:

Based on the information given the selling price is $55.

Selling price

Using this formula

Selling price=Cost price+(Cost price√óMarkup percentage)

Where:

Selling price=$50

Markup percentage=10%

Let plug in the formula

Selling price=$50+($50√ó10%)

Selling price=$50+$5

Selling price=$55

Inconclusion the selling price is $55.

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