Lansing Bookery regularly marks up books 40% of the selling price. The bookstore's cost on a new best-selling book is $12.95 per book. What is the selling price of this book?
21.58
33.21
32.38
18.13
1.4 * 12.95 = 18.13
How did you get 1.4??????
To calculate the selling price of the book, we need to add the markup to the cost.
The markup is calculated by multiplying the cost by the markup percentage.
Markup = Cost * Markup Percentage
Markup = $12.95 * 40% = $5.18
So, the selling price of the book is the sum of the cost and the markup.
Selling Price = Cost + Markup
Selling Price = $12.95 + $5.18 = $18.13
Therefore, the selling price of this book is $18.13.
To find the selling price of the book, we need to apply a markup of 40% to the bookstore's cost.
First, calculate the markup amount:
Markup = 40% of $12.95 = 0.40 * $12.95 = $5.18
Next, add the markup to the cost to find the selling price:
Selling Price = Cost + Markup
Selling Price = $12.95 + $5.18 = $18.13
Therefore, the selling price of the book is $18.13.
So, the correct answer is 18.13.