SOLUTION: A garden store uses a markup of 33 1/3% on cost to price items. If the store buys a planter for $9, then its selling price on this item is ?

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Question 56727: A garden store uses a markup of 33 1/3% on cost to price items. If the store buys a planter for $9, then its selling price on this item is ?
Answer by rcmcc(152) About Me  (Show Source):
You can put this solution on YOUR website!
The selling price can be calculate by multiplying the principle amount by the final interest+100% cost.
so 1.00%cost+.333% markup =1.33
9x1.333=$12.00