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The manager of a store buys a product for 38. If the markup rate is 21%, what is the selling price? Be sure to round your answer to the nearest cent.

Solution

The manager of a store buys a product for 38. If the markup rate is 21%, what is the selling price? Be sure to round your answer to the nearest cent.

Solution

Amount after addition : 45.98

Solution steps

Translate the problem into an equation:

x = 38 + 0.21 \cdot 38

x = 38 + 0.21 \cdot 38 : x = 45.98

Amount after addition : 45.98

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