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What is the selling price of an item if the original cost is $784.50 and the markup on the item is 6.5 percent?

Respuesta :

taskmasters

Solution:

Given, cost price = $784.50

Profit = 6.5% of cost price

        = 6.5/100 × $784.50

        = $50.9925 [since, profit% is always on C.P.]

And selling price = cost price + profit

                      = $784.50 + $50.9925

                      = $835.4925

Hence, selling price = $835.4925

samuelonum1

The selling price of the item will be $835.4925

Cost Price and Selling Price

Given Data

  • Original cost =  $784.50
  • Mark up =  6.5 percent =  6.5%

Let us find  6.5 percent of $784.50

= 6.5/100* 784.50

= 0.065 * 784.50
= $50.9925

Let us find the selling price

Selling Price = Cost + Profit

Selling Price = 784.50 + 50.9925

= $835.4925

Learn more about percentages here:

https://brainly.com/question/24304697

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