A store bought 200 toys at a cost of ​$10 each. The store sold all the toys at a percent markup of 30 %. Find the total selling price.

Answer 1

To find the total selling price of the toys, we first need to calculate the total cost of purchasing the toys and then apply the markup percentage.

1. Calculate the total cost of the toys: \[ \text{Total Cost} = \text{Number of Toys} \times \text{Cost per Toy} \] \[ \text{Total Cost} = 200 \times 10 = 2000 \text{ dollars} \]

2. Calculate the selling price per toy including the markup: The markup is 30% of the cost price. To find the selling price per toy, we can use the following formula: \[ \text{Selling Price per Toy} = \text{Cost per Toy} + (\text{Cost per Toy} \times \text{Markup Percentage}) \] \[ \text{Selling Price per Toy} = 10 + (10 \times 0.30) = 10 + 3 = 13 \text{ dollars} \]

3. Calculate the total selling price for all toys: \[ \text{Total Selling Price} = \text{Number of Toys} \times \text{Selling Price per Toy} \] \[ \text{Total Selling Price} = 200 \times 13 = 2600 \text{ dollars} \]

Thus, the total selling price for all the toys is $2600.