Find the markup and the selling price of the following item. round answers to the nearest cent. a skateboard costing $39.00 marked up 40% on cost. markup = a. $97.50 b. $15.60 c. $40.00 selling price = a. $1.00 b. $54.60 c. $79.00

Mark up: $15.6 (option b)

Selling Price: $54.6 (option b)

Step-by-step explanation:

Hi, to answer this question we have to analyze the information given:

A skateboard costing $39.00 marked up 40% on cost.

To calculate the markup we have to multiply the skateboard cost (39) by the percentage in decimal form (40/100= 0.4)

39 x 0.4 =15.6

Mark up: $15.6 (option b)

For the selling price we have to sum the cost and the markup:

15.6 + 39 = 54.6

Selling Price: $54.6 (option b)

Feel free to ask for more if needed or if you did not understand something.

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