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Popular Word Problems >

The manager of a store buys a product for 38. If the markup rate is 21%, what is the selling price? Be sure to round your answer to the nearest cent.

Solution

T h e mana g er o f a s t ore b u ys a p ro d u c t f or 38. I f t h e ma r k u p r a t e i s 21%, w ha t i s t h e se ll in g p r i ce ? B e s u re t o ro u n d yo u r an s w er t o t h e n e a res t ce n t .

Solution

Amount after addition : 45.98

Solution steps

Translate the problem into an equation:

x = 38 + 0.21 \cdot 38

x = 38 + 0.21 \cdot 38 : x = 45.98

Amount after addition : 45.98

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