Question

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Part 1
A store bought 200 toys at a cost of ​$20 each. The store sold all the toys at a percent markup of 35%. Find the total selling price.

Answer 1

To find the total selling price, we need to calculate the selling price of each toy and then multiply it by the number of toys.

First, let's calculate the markup amount per toy:
Markup = 35% of $20 = 0.35 * $20 = $7

Now, let's calculate the selling price of each toy:
Selling price per toy = Cost per toy + Markup per toy
Selling price per toy = $20 + $7 = $27

Lastly, let's calculate the total selling price:
Total selling price = Selling price per toy * Number of toys
Total selling price = $27 * 200 = $<<27*200=5400>>5400

Therefore, the total selling price of all the toys is $5400.