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A store pays $120 for a bicycle. a. The store has a 60% markup policy. What is the selling price of the bicycle? b. The store is now going out of business and is selling all of the bicycles at a 30% discount. What is the sale price of the bicycle? c. Will the store make money or lose money on the bicycle? How much?

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mcbite21
A. If it has a 60% mark up price of $120 that would be $60 so the total would be $180. B. If there selling the bike at what the store is selling it for it would be $126 because 30% of $180 is $54 so subtract $54 from $180 and you will get $126 C. The store would make a total profit of $6.

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