To manufacture a certain desk, it costs . If the desired percent markup based on
cost is , how much should each desk sell for?
Select one:
a.
b.
c.
o d.

To find the selling price, you first calculate the markup amount. A 25% markup on the cost of $205 is . Now, add this markup to the original cost: . So, each desk should sell for $256.25.

You can double-check your math by ensuring you really understand the markup process! Remember, the markup is always calculated based on the original cost, not the selling price. Common mistakes include calculating the percentage based on the selling price or forgetting to add the markup back to the cost. Stay sharp, and you’ll ace these calculations every time!