An event planner wants to determine a price for a package of garland of silk flowers.Its cost is $7.00.She wants a markup of 30 percent based on selling price.Which of the following is closest to the price she should charge her customers?
A) $15
B) $18
C) $10
D) $12

Question

Quizplus · Accepted Answer

To find the selling price with a markup based on selling price, use the formula: Selling Price = Cost / (1 - Markup Percentage). Here, it's $7 / (1 - 0.30) = $7 / 0.70 = $10.

An Event Planner Wants to Determine a Price for a Package