Question:
The local furniture store pays $ 60 for a sofa and sells it with a 30% markup. What is the selling price of the sofa?.
Solution:
Let the following data:
Base price = $60
30% of base price = $60 x 0.3 = $18
Then:
Selling price = $60 + $18 = $78.
Then, we can conclude that the correct answer is:
The selling price of the sofa is $78.
