The cost of an item is $2.10 and the mark up is $0.60. What is the selling price of the item?

1 Answer
Jan 28, 2017

Answer:

The selling price is $2.10

Explanation:

The formula for the selling price is:

#s = c + m#

Where:
#s# is the selling price, what is being asked for in the problem
#c# s the cost of the product - $1.50 in this problem
#m# is the mark up - $0.60 in this problem

Substituting into the formula and calculating #s# gives:

#s = $1.50 + $0.60#

#s = $2.10#