Question

A typewriter costing $75.00 marked up 40% on cost

M =

S =

Answer 1

To calculate the markup and selling price of the typewriter, we can follow these steps:

1. **Calculate the markup (M)**:
\[
\text{Markup (M)} = \text{Cost} \times \text{Markup Percentage}
\]
Here, the cost of the typewriter is $75.00 and the markup percentage is 40%, or 0.40 in decimal form.

\[
M = 75.00 \times 0.40 = 30.00
\]

2. **Calculate the selling price (S)**:
The selling price is calculated by adding the markup to the cost.
\[
\text{Selling Price (S)} = \text{Cost} + \text{Markup}
\]
\[
S = 75.00 + 30.00 = 105.00
\]

So, we have:
- **M (Markup) = $30.00**
- **S (Selling Price) = $105.00**