A beauty salon buys bottles of styling gel for $4.50 per bottle and marks up the price by 40%. For what price does the salon sell each bottle?
4.5 * 1.4 = $_________
To determine the selling price of each bottle, we need to add the markup percentage to the cost price.
1. Start with the cost price: $4.50 per bottle.
2. Calculate the markup amount by multiplying the cost price by the markup percentage: $4.50 * 40% = $1.80.
3. Add the markup amount to the cost price to get the selling price: $4.50 + $1.80 = $6.30.
Therefore, the beauty salon sells each bottle of styling gel for $6.30.