If a product has a cost of $730 and a markup rate of $$3013%\$ 30 \frac { 1 } { 3 } \%$ , what is the selling price?

A) $$983.33\$ 983.33$
B) $$760.33\$ 760.33$
C) $$951.43\$ 951.43$
D) $$760.00\$ 760.00$
E) $$949.00\$ 949.00$

Question

If a product has a cost of $730 and a markup rate of  \$ 30 \frac { 1 } { 3 } \%  , what is the selling price? A)  \$ 983.33  B)  \$ 760.33  C)  \$ 951.43  D)  \$ 760.00  E)  \$ 949.00

gianicola perron · Accepted Answer

Final Answer : C, Explanation :   First, calculate the markup amount: Markup \% =  \$ 30 \frac {1}{3} \%  = 0.3 Markup amount = 0.3 x $730 = $219 Then, add the markup amount to the cost to get the selling price: Selling price = $730 + $219 = $949 Therefore, the correct answer is choice C.

If a product has a cost of $730 and a markup rate of $$3013%\$ 30 \frac { 1 } { 3 } \%$ , what is the selling price?

A) $$983.33\$ 983.33$
B) $$760.33\$ 760.33$
C) $$951.43\$ 951.43$
D) $$760.00\$ 760.00$
E) $$949.00\$ 949.00$

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Learning Objectives

Related questions

If a product has a cost of $730 and a markup rate of $3013%\$ 30 \frac { 1 } { 3 } \%$3031​% , what is the selling price?A) $983.33\$ 983.33$983.33 B) $760.33\$ 760.33$760.33 C) $951.43\$ 951.43$951.43 D) $760.00\$ 760.00$760.00 E) $949.00\$ 949.00$949.00

Definitions

Learning Objectives

Learning Objectives

Related questions

If a product has a cost of $730 and a markup rate of $$3013%\$ 30 \frac { 1 } { 3 } \%$ , what is the selling price?

A) $$983.33\$ 983.33$
B) $$760.33\$ 760.33$
C) $$951.43\$ 951.43$
D) $$760.00\$ 760.00$
E) $$949.00\$ 949.00$