Macy's Department Stores markup men's cologne 63% on cost for an 8-ounce bottle. A bottle of cologne costs Macy's $23.00. What is the selling price for the 8-ounce bottle?
A)$31.51
B)$37.49
C)$37.47
D)$37.00
E)None of these

Question

Quizplus · Accepted Answer

The selling price is calculated by adding the markup to the cost. The markup is 63% of $23.00, which is $14.49. Adding this to the cost gives a selling price of $37.49.

Macy's Department Stores Markup Men's Cologne 63% on Cost for an 8-Ounce