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Q: If a store uses a selling price - based markup of 40 and an item costs the store $300 what selling price would the store set for the item?

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The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.

if it is 6.80 dollars markup, selling price would be 1267.25. if 6.8%, it'd be 1346.16

The selling price would be 17.25 if it cost 15 and the percent of markup is 15.

$4.47

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The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.

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Markup income typically refers to the profit or revenue generated by adding a markup or margin to the cost of goods or services. In business and finance, "markup" is the amount added to the cost of producing or purchasing a product or service to determine its selling price. The markup is essentially the difference between the cost of production and the final selling price. The formula for calculating markup is: Markup = Selling Price โ Cost Price Markup=Selling PriceโCost Price Markup is often expressed as a percentage of the cost price. The formula for calculating the markup percentage is: Markup Percentage = ( Markup Cost Price ) ร 100 Markup Percentage=( Cost Price Markup โ )ร100 So, markup income is the additional revenue or profit earned by a business through the application of a markup to its costs. This concept is commonly used in various industries to determine pricing strategies and to ensure that businesses cover their costs and generate a profit. you can get more explanation when you click this link and learn everything about markup income

selling price

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Selling price less profit equals cost price. The markup is the profit plus cost price.

(Selling Price - Cost price)/Selling Price * 100

150

if it is 6.80 dollars markup, selling price would be 1267.25. if 6.8%, it'd be 1346.16

The selling price would be 17.25 if it cost 15 and the percent of markup is 15.

It is 119.99