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The owner of a music store received a shipment of stereos at a cost of $160 each. What will the selling price be if he applies a 45% markup? $300 $205 $232 $88

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absor201

The selling price will be $232 if he applies a 45% markup.

Step-by-step explanation:

Cost of each stereo = $160

Mark up = 45%

Amount of mark up = [tex]\frac{45}{100}*160[/tex]

Amount of mark up = [tex]\frac{7200}{100} = \$72[/tex]

Selling price = Cost of stereo + mark up

Selling price = 160 + 72 = $232

The selling price will be $232 if he applies a 45% markup.

Keywords: addition, markup

Learn more about addition at:

  • brainly.com/question/547255
  • brainly.com/question/545947

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