SOLUTION: A furniture store marks up items 20% (based on cost). If the furniture store buys a couch for $350, what will the selling price be?

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Question 61364: A furniture store marks up items 20% (based on cost). If the furniture store buys a couch for $350, what will the selling price be?
Answer by tutorcecilia(2144) About Me  (Show Source):
You can put this solution on YOUR website!
20% of $350 = (.20)(350)=$70 (the amount of the mark-up)
$350+$70=420 (the selling price)