Answer to Question #296445 in Financial Math for shawn

Question

A computer software retailer used a markup rate of 30%. Find the selling price of a computer game that cost the retailer $35.

Answer 1

Markup = % of cost price $\times100$ = $\frac{30}{100}\times 35=10.5$

Selling price = Cost price + Markup = 35 + 10.5 = $45.5