Get expert insights and community-driven knowledge on IDNLearn.com. Get the information you need from our community of experts who provide accurate and comprehensive answers to all your questions.

Macy's department stores markup men's cologne 63% on cost for an 8 ounce bottle. A bottle of cologne costs Macy $23.00. What is the selling price for the 8 ounce bottle

Sagot :

Multiply 23 by .63 and add that value to 23

Answer:

The selling price for the 8 ounce bottle is $37.49

Step-by-step explanation:

Markup percentage on the Men's cologne = 63%

Original Cost of a bottle of Cologne = $23

Mark up cost of 8 ounce bottle at the department store = 63% of Original Cost

                                                                                             = 63% of 23

                                                                                             = 0.63 × 23

                                                                                             = $14.49

Total selling price for the 8 ounce bottle = Original cost + Mark up cost

                                                                      = 23 + 14.49

                                                                      = $37.49

Hence, The selling price for the 8 ounce bottle is $37.49