Calculating Price Using a Markup Percentage of Cost Aunt Cecilia\'s Gift Shop ha

Question

Calculating Price Using a Markup Percentage of Cost

Aunt Cecilia's Gift Shop has decided to price the candles it sells at cost plus 70%. One type of carved pillar candle costs $5, and scented votive candles cost $0.70 each.

Required:

1. What price will Aunt Cecilia's Gift Shop charge for the carved pillar candle? If required, round your answer to two decimal places.
$

2. What price will Aunt Cecilia's Gift Shop charge for each scented votive candle? If required, round your answer to two decimal places.
$

Explanation / Answer

Price=70% above cost

If cost is 100 , price=170/100*100=170

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.