Question

The cost price of an article is $70.00 and the profit is 20% markup. What is the selling price of the
article?

Answer 1

To calculate the selling price of the article, you need to add the profit to the cost price:

Profit = 20% of cost price = 0.20 x $70.00 = $14.00
Selling price = cost price + profit = $70.00 + $14.00 = $84.00

Therefore, the selling price of the article is $84.00.