CALCULATING PRICE USING A MARKUP PERCENTAGE OF COST Grinnell Lake Gift Shop has decided to price the
Question:
CALCULATING PRICE USING A MARKUP PERCENTAGE OF COST Grinnell Lake Gift Shop has decided to price the candles that it sells at cost plus 80 percent. One type of carved bear-shaped candle costs $12, and huckleberry-scented votive candles cost $1.10 each.
Required:
. What price will Grinnell Lake Gift Shop charge for the carved bear candle?
. What price will Grinnell Lake Gift Shop charge for each scented votive candle?
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