A tore i intructed by corporate headquarter to put a markup of 11% on all item. An item coting $18 i diplayed by the tore manager at a elling price of $2. A an employee, you notice that thi elling price i incorrect. Find the correct elling price. What wa the manager' likely error?

One can calculate the percentage by dividing the value by the total value and multiplying the result by 100. (Value/Total Value)100% is the formula for calculating percentages.

To convert a decimal number, such as 0.57, to a percentage, just multiply it by 100. Therefore, 0.57 times 100 equals 57. Therefore, 0.57 is a percentage that equals 57%. Another example is 0.03 x 100 = 3%. Percentages are just fractions with a denominator of 100. To show that a number is a percentage, we place the percent sign (%) next to it.

For instance, if you properly answered 75 out of 100 questions on a test, you would have received a 75% grade (75/100).

Here,

Item cost is $18.

Price to Sell = 18 + 11% ×18

= $19.98

= $20

The store manager is displaying an item that cost $18 for a selling price of $2 when the true selling price is $20.

So,

When the actual selling price is $20, the store manager is showing a $18 item with a $2 price tag.

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A tore i intructed by corporate headquarter to put a markup of ​11% on all item. An item coting ​$18 i diplayed by the tore manager at a elling price of ​$2. A an​ employee, you notice that thi elling price i incorrect. Find the correct elling price. What wa the​ manager' likely​ error?

Answer :

What does Percentage mean?

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A tore i intructed by corporate headquarter to put a markup of 11% on all item. An item coting $18 i diplayed by the tore manager at a elling price of $2. A an employee, you notice that thi elling price i incorrect. Find the correct elling price. What wa the manager' likely error?