Wayne’s widget world sells widgets to stores for $10.20 each (wholesale price). A local store marks them up $6.79. What is the retail price at this store?
Note: Markup means we add to the wholesale price.
Calculate Retail Price:
Retail Price = Wholesale Price + Markup Amount
Retail Price = $10.20 + $6.79
Retail Price = $16.99
Note: Markup means we add to the wholesale price.
Calculate Retail Price:
Retail Price = Wholesale Price + Markup Amount
Retail Price = $10.20 + $6.79
Retail Price = $16.99