officialtyree453 officialtyree453
  • 22-09-2017
  • Business
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Runner's warehouse purchased digital watches for $92.99. its markup rate is 25% based on the selling price. what is the selling price

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cedarwood79
cedarwood79 cedarwood79
  • 22-09-2017
Okay. So the warehouse bought the digital way Che's for $92.99 and they're gonna sell it to people for 25% more. So what we do is 92.99 * 125% or 1.25 in decimal form. When we multiply the numbers together, the product is 116.2375 or 116.24 when rounded to the nearest hundredth. The selling price of the digital watches is $116.24.
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