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OpenStudy (anonymous):
To make a profit, stores "mark-up" their goods. Sears prices a $12.00 shirt with a 40% markup. How much will Sears sell the shirt?
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OpenStudy (dangerousjesse):
\(12\times 1.4=?\)
OpenStudy (anonymous):
12x 0.4 I believe
OpenStudy (dangerousjesse):
No, when it's marked up, you're adding the whole and the mark up percentage together. You knock out a step by just making it \(\times 1+percent\) or \(\times 1.4\)
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