Cost of comic book: $3.95
Mark up: 20%
What is the selling price?

Question

Cost of comic book: $3.95
Mark up: 20%
What is the selling price?

sleepyjess · Answer

Welcome to OpenStudy! For something with a markup of a certain percent, you need to multiply the original price by 100% + markup%. For example, if something has an original price of 5$, and a 30% markup, then the selling price would be 5*130%, and to convert a percent to a decimal, just move the decimal point to the left 2 places. So, 5*1.30, that makes the final selling price $6.50

sleepyjess · Answer

Hopefully that helps :)

sleepyjess · Answer

But wouldn't a 20% markup be the selling price + .2*selling price?

perl · Answer

yes , sorry i misread what you wrote

sleepyjess · Answer

Ok, haha
I just was making sure I wasn't giving someone false information :)

perl · Answer

ok i see what youre doing :)

perl · Answer

100% of the original price is the same as multiplying by 1, and then you have the extra markup percent. 
nice job :)

sleepyjess · Answer

Yep :) 
Thanks!