SOLUTION: A store marks up merchandise 40% for profit. If an item costs the store $12, what is the selling price?

SOLUTION: A store marks up merchandise 40% for profit. If an item costs the store $12, what is the selling price?

Algebra.Com

Question 1159212: A store marks up merchandise 40% for profit. If an item costs the store $12, what is the
selling price?
Answer by Amily_2190(27) (Show Source): You can put this solution on YOUR website!
100%+40%=140%
140%=1.4
1.4(12)=16.8

The selling price is $16.8
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