To manufacture a certain cabinet, it costs $202.48. If the desired percent markup based on cost is 15%, how much should each desk sell for? (Round to the nearest cent)
A) $333.75
B) $232.85
C) $217.48
D) $168.75

Question

Quizplus · Accepted Answer

To find the selling price with a 15% markup, multiply the cost by 1 + the markup percentage (in decimal form). So, $202.48 * (1 + 0.15) = $202.48 * 1.15 = $232.85.

To Manufacture a Certain Cabinet, It Costs $202