SOLUTION: we are using this formula...S=C+rC and/or S=R-rR computer retailer uses a markup of 22%. Find the selling price of a computer game that costs the retailer $40.00

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Question 167790: we are using this formula...S=C+rC and/or S=R-rR
computer retailer uses a markup of 22%. Find the selling price of a computer game that costs the retailer $40.00
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Note: 22% = 22%2F100=0.22


In this case, the cost to the retailer is C=40 and the percentage rate is r=0.22.


S=C%2BrC Start with the markup cost formula. Note: the other formula is used for discounts


S=40%2B0.22%2840%29 Plug in C=40 and r=0.22.


S=40%2B8.80 Multiply


S=48.80 Add


So if the cost to the retailer is $40.00 and they use a markup of 22%, then the selling price is $48.80