Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make 25% on each car sale. What is Sherry's selling price? First convert the markup percentage to decimal by dividing

(25 / 100 = 0.25)

Then multiply it by the cost of the vehicle to get the Additional Margin

Additional Margin = $60,000 x 0.25 =

Second, add the Cost Price and the Additional Margin to get the Selling Price.

Hint: Do not forget to include the comma to separate the digits and to type the $ symbol!

Example: $15,100

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