SOLUTION: An electronics store uses a mark up rate of 58%. find the selling price of the camcorder that costs the storre owner $358

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Question 247470: An electronics store uses a mark up rate of 58%. find the selling price of the camcorder that costs the storre owner $358
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
TO GET A MARK-UP OF 58% YOU NEED TO MILTIPLY THE BASE PRICE BY 1 PLUS .58.
OR YOU CAN MULTIPLY THE BASE PRICE BY .58 & THEN ADD THE BASE PRICE.
THE RESULT SHOULD BE THE SAME.
358*(1+.58)
*****358
****1.58
----------------
****2864
***1790
***358
-----------------
**565.64
$565.64 IS THE SELLING PRICE.