Find the markup and the selling price of the following item. round answers to the nearest cent. a typewriter costing $75.00 marked up 40% on cost m = s =

 Hence,

Selling price (S)= $ 105

Markup price (M)=$ 30

Step-by-step explanation:

We have to find the  markup and the selling price of the following item.

A typewriter costing $75.00 marked up 40% on cost.

i.e. cost price of typewriter=$ 75

Markup percent =40%.

i.e the markup is on the cost price.

Hence, the markup price is:

40% of cost price.

Hence, the markup price(M) is=$ 30.

Also selling price(S)= cost price+ Markup price

                            =75+30

                            =$ 105

Hence, the selling price(S) of the item is: $ 105

Hence,

Selling price (S)= $ 105

Markup price (M)=$ 30

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step-by-step explanation: