Astore owner buyso backpacks at a certain price and sells them at a higher price. the difference is called the markup. if she pays 21$ for a backpack and adds a 40% markup on the price she paid, what is the selling price?

The selling price is $29.40

10% of $21 = $2.10

$2.10 x 4 = $8.40 = 40%

$21 + $8.40 = $29.40

Hope this helps!

i believe the correct answer is b.

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.