A local True Value Hardware Store marks its goods up 38% on cost. If a snow blower cost True Value $400, the selling price would be:
A)$525.00
B)$552.00
C)$542.00
D)$452.00
E)None of these

Question

Quizplus · Accepted Answer

To find the selling price, we need to add the 38% markup to the cost:
Markup = 38% of $400 = 0.38 x $400 = $152
Selling Price = Cost + Markup = $400 + $152 = $552
Therefore, the selling price is $552.

A Local True Value Hardware Store Marks Its Goods Up