Johnny Mac's Sporting Goods bought a baseball glove from Rawlings Sporting Goods for $66.00. They want to markup the glove 70% on selling price. What should Johnny's sell the glove for?
A) $113.22
B) $179.82
C) $246.42
D) $222.00
E) None of these

Question

Quizplus · Accepted Answer

To find the selling price with a 70% markup on selling price, let the selling price be x. The cost is 30% of the selling price, so 0.30x = $66. Solving for x gives x = $66 / 0.30 = $220.00.

Johnny Mac's Sporting Goods Bought a Baseball Glove from Rawlings