To find the selling price, we need to calculate the percent markup based on the cost of the CD set and add that markup to the cost.
Markup = (Percent Markup / 100) * Cost
Markup = (30 / 100) * $10
Markup = $3
Selling Price = Cost + Markup
Selling Price = $10 + $3
Selling Price = $13
Therefore, the selling price of the CD set is $13.
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Part 1
A music store bought a CD set at a cost of $10. When the store sold the CD set, the percent markup was %30
. Find the selling price.
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