Seniors Medical Supply uses a markup rate of 55%. What is the selling price of a pair of aluminum crutches that costs $18?

Name: Seniors Medical Supply uses a markup rate of 55%. What is the selling price of a pair of aluminum crutches that costs $18?
Brand: Quizplus
Rating: 5.0 (44 reviews)

Question

Quizplus · Accepted Answer

The selling price is calculated by adding the markup to the cost price. The markup is 55% of $18, which is $9.9. Adding this to the cost price gives $18 + $9.9 = $27.9.

Seniors Medical Supply Uses a Markup Rate of 55