Answered

Macy's department stores markup men's cologne 63% on cost for an 8 ounce bottle. A bottle of cologne costs Macy $23.00. What is the selling price for the 8 ounce bottle

Answer :

Multiply 23 by .63 and add that value to 23

Answer:

The selling price for the 8 ounce bottle is $37.49

Step-by-step explanation:

Markup percentage on the Men's cologne = 63%

Original Cost of a bottle of Cologne = $23

Mark up cost of 8 ounce bottle at the department store = 63% of Original Cost

                                                                                             = 63% of 23

                                                                                             = 0.63 × 23

                                                                                             = $14.49

Total selling price for the 8 ounce bottle = Original cost + Mark up cost

                                                                      = 23 + 14.49

                                                                      = $37.49

Hence, The selling price for the 8 ounce bottle is $37.49

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