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Sagot :
The markup percentage specifies the amount by which the selling price is
raised above the cost price.
- The correct option for the selling price is B. p 1,070.00
Reasons:
The original cost of the album = p900
The mark up percentage = 30%
Required:
The selling price
Solution:
The percentage mark up is given by the difference between the price at
which an item is for sale and its cost expressed as a percentage.
[tex]\displaystyle Percentage \ mark \ up = \mathbf{\frac{Selling \ price - Cost \ price}{Cost \ price} \times 100}[/tex]
Therefore, we have;
[tex]\displaystyle 30 = \frac{Selling \ price - 900 }{900} \times 100[/tex]
[tex]\displaystyle 0.3 = \frac{Selling \ price - 900 }{900}[/tex]
900 × 0.3 = Selling price - 900
270 = Selling price - 900
Selling price = 900 + 270 = 1,070
The selling price is B. p 1,070.00
Learn more about percentage markup here:
https://brainly.com/question/16959984
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