Question

Flora paid her supplier $0.74 a stem for roses to sell at her flower shop. She added an 85% mark-up. What price did she charge her customers for the roses?

Answer 1

It is given that $0.74 per stem was the cost price and the markup was 85%.

So the markup is given by:

$0.74\times\frac{85}{100}=0.629$

Hence the total selling price is given by:

$0.74+0.629=1.369$

Hence the selling price is $1.369.