take wholesale cost and multiply it by 95%, then add to the original value another way, just multiply by 1.95
Retail cost: 1.95*($99.50) = $194.03
The selling price should be $194.025.
Given that,
The cost of the sled is $99.50.
And, the markup percentage is 95%.
Based on the above information, the calculation is as follows:
= $99.50 × 1.95
= $194.025
Here we multiply the selling price with the markup percentage.
Therefore we can conclude that the selling price should be $194.025.
Learn more: brainly.com/question/1099507
The selling price of the sled is calculated by adding a 95% markup to the cost of $99.50. The selling price comes out to be $194.025. Thus, the final selling price is $194.025.
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