To find the selling price of the candy bar with a 65% markup on the cost, you can use the following formula:
\[ \text{Selling Price} = \text{Cost} + (\text{Markup Percentage} \times \text{Cost}) \]
In this case, the cost of the candy bar is $0.79 and the markup percentage is 65%, or 0.65 when expressed as a decimal.
\[ \text{Selling Price} = 0.79 + (0.65 \times 0.79) \]
First, calculate the markup:
\[ 0.65 \times 0.79 = 0.5145 \]
Now, add this markup to the cost:
\[ \text{Selling Price} = 0.79 + 0.5145 = 1.3045 \]
Rounding this to two decimal places, the selling price is approximately $1.30.
Now let's compare the options:
- $1.58
- $1.31
- $1.17
- $1.44
The closest option to our calculated selling price of $1.30 is $1.31.
So, the selling price of the candy bar is $1.31.
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