how do you solve this problem and can you help me please:
wholesale price: $13
and
markup percent: 110% can u help please
http://www.jiskha.com/display.cgi?id=1329958619
Of course, I'd be happy to help you with this problem. To find the retail price, you need to add the markup to the wholesale price.
First, calculate the markup amount by finding 110% of the wholesale price. To do this, multiply the wholesale price by 110% (or 1.10).
Markup amount = Wholesale price * Markup percent
= $13 * 1.10
= $14.30
Next, you can find the retail price by adding the markup amount to the wholesale price.
Retail price = Wholesale price + Markup amount
= $13 + $14.30
= $27.30
Therefore, the retail price of the item is $27.30.