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A store bought 500 toys at a cost of ​$10 each. The store sold all the toys at a percent markup of 10 %. Find the total selling price.

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To find the total selling price of the toys, we can follow these steps:

  1. Calculate the total cost of the toys: \[ \text{Total cost} = \text{Number of toys} \times \text{Cost per toy} = 500 \times 10 = 5000 \text{ dollars} \]

  2. Calculate the selling price per toy with a 10% markup: \[ \text{Markup} = 10% \text{ of Cost} = 0.10 \times 10 = 1 \text{ dollar} \] \[ \text{Selling price per toy} = \text{Cost per toy} + \text{Markup} = 10 + 1 = 11 \text{ dollars} \]

  3. Calculate the total selling price: \[ \text{Total selling price} = \text{Number of toys} \times \text{Selling price per toy} = 500 \times 11 = 5500 \text{ dollars} \]

Thus, the total selling price of all the toys is $5500.