A VCR costs \( \$ 318 \). If the markup is \( \$ 10 \), what is the sell price? Select one: O. \( \$ 237.00 \) O b. \( \$ 328.00 \) O c. \( \$ 198.75 \) O d. \( \$ 308.00 \)

To find the selling price, you simply add the markup to the cost of the VCR. So, if the VCR costs \( \$ 318 \) and the markup is \( \$ 10 \), the selling price will be: \[ 318 + 10 = 328 \] Therefore, the selling price is \( \$ 328.00 \), which corresponds to option b. In the world of retail, knowing how to effectively calculate markup helps businesses ensure profitability. Markup is a crucial component of pricing strategy, affecting everything from sales to inventory management. Small businesses often benefit from understanding their margin to remain competitive while ensuring customer satisfaction! For anyone looking to delve deeper into pricing strategies, there are plenty of resource materials available. Books like "Pricing Strategies: A Marketing Approach" can offer insightful tactics. Additionally, online resources like the Harvard Business Review provide articles about how different industries approach pricing and markup, providing a solid foundation for understanding the intricacies of retail economics!