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

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A store marks up merchandise 40% for profit. If an item costs the store $12, what is the selling price?      Log On


   

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) About Me  (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