Please check my answer thank you so much
(1+ markup percent on cost) x cost equals the
A. selling price.
B. mark up
C. cost at wholesale
D. cost at retail
My answer is A. selling price.
Yes, your answer is correct. In this equation, the cost is multiplied by 1 plus the markup percent on cost, which will give you the selling price. So option A. selling price is the correct answer.
To arrive at this answer, we can break down the equation and understand it step by step.
Given: (1+ markup percent on cost) x cost = ?
Let's say the cost is represented by 'C' and the markup percent on cost is represented by 'M'.
Step 1: Calculate the markup amount by multiplying the cost with the markup percent:
Markup = C * M
Step 2: Add the markup amount to the cost:
Cost + Markup = C + (C * M)
Step 3: Simplify the equation by factoring out the common factor of cost:
Cost + (C * M) = C * (1 + M)
In the simplified equation, (1 + M) represents the markup percent on cost plus 1. When we multiply this by the cost, we get the selling price.
Therefore, the answer is A. selling price.