Answer: $13.94
Step-by-step explanation:
Given : Bargain Feed Store has a markup rate of 14.1%.
The wholesale cost of bag of horse feed = $12.22
Price mark up = Mark up % x Whole sale cost
Price mark up =14.1% x $12.22
Price mark up [tex]=\dfrac{14.1}{100}\times\$12.22=\$1.72302\approx\$1.72[/tex]
Then , the final price of bag of horse feed will be :-
Final price = wholesale cost +Price mark up
=$12.22+$1.72 = $13.94
Hence, the shop will charge $13.94 for a bag of horse feed that cost $12.22 wholesale.
