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Question 149842: Find the selling price and the mark-up amount. The cost is $350., the mark-up rate is 70%,
Please help,
Ellen : Find the selling price and the mark-up amount. The cost is $350., the mark-up rate is 70%,
Please help,
Ellen
Answer by Alan3354(1187) About Me  (Show Source):
You can put this solution on YOUR website!
Find the selling price and the mark-up amount. The cost is $350., the mark-up rate is 70%,
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If you get it for $350 and mark it up 70%, 70% of $350 is $245. That's added, so the selling price is $595.
Another approach is to multiply the $350 by 1.7. Same answer, $595. Or 2 for $1000 (jk)