Cindy's Gift Shoppe purchased 8-inch candles at $9.95 a dozen, less a 25 percent trade discount. If the owner wishes to sell the candles at a 35 percent makeup, what should be the selling price of each dozen?
The first thing you should do for this case is to take 35% out of 9.95 We have then (0.35) * (9.95) = 3.4825 Then, we must add this value from the original price of a dozen 9.95+3.4825 = 13.4325 less a 25 percent trade discount 13.4325*(1-0.25)=10.074375 answer the selling price of each dozen should be $10.074375
