A local True Value Hardware Store marks its goods up 38% on cost. If a snowblower cost True Value $400, the selling price would be:
Stacey Warren - Expert brainly.com
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$152? i don't know...
selling price = cost + markup
= 400 + 38% of 400
= 400 + 0.38*400
= 400 +152 = 552
so the selling price will be $552
QUICK PRIMER ON PERCENTS
3.6% of a number means "multiply that number by 0.036"
67% of a number means "multiply that number by 0.67"
100% of a number means "multiply that number by 1.00"
105% of a number means "multiply that number by 1.05"
So this problem is saying that the original cost of this thing was marked UP by 38%. After (AFTER) the markup, it now $400.
So as an equation that means: (ORIGINAL PRICE) + 0.38 times (ORIGINAL PRICE) = 400
We can use "P" for "original price" and have
P + 0.38P = 400
Which is just
1.38P = 400
Can you solve for P now? :)