Question

what is a 40% mark up on an item that
costs-$38.00?

Answer 1

Is $38.00 the cost to the merchant or is it what she charges the customers?

Answer 2

it is the cost of the item.

Answer 3

Whose cost?

Answer 4

If the merchant paid $38.00, then with a 40% markup, she'd charge the customer $53.20

1.4 * 38 = 53.2