Devin owns a clothing store. He paid $23 for each pair of jeans, and his desired profit margin is 18%. What is Devin's selling price?

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Prepare for the GMetrix Marketing Test. Utilize flashcards and multiple choice queries, with each query featuring hints and explanations to bolster your understanding. Excel in your exam preparation journey!

Multiple Choice

Devin owns a clothing store. He paid $23 for each pair of jeans, and his desired profit margin is 18%. What is Devin's selling price?

When a profit margin is described as a markup on cost, you determine the selling price by increasing the cost by that percentage. So for an 18% markup, multiply the cost by 1.18.

Calculate 18% of 23: 0.18 × 23 = 4.14. Add to the cost: 23 + 4.14 = 27.14.

So the selling price is 27.14. This matches the given option that lists 27.14.

Devin owns a clothing store. He paid $23 for each pair of jeans, and his desired profit margin is 18%. What is Devin's selling price?

Prepare for the GMetrix Marketing Test. Utilize flashcards and multiple choice queries, with each query featuring hints and explanations to bolster your understanding. Excel in your exam preparation journey!

Devin owns a clothing store. He paid $23 for each pair of jeans, and his desired profit margin is 18%. What is Devin's selling price?

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