One wooden boat costs you $12.00 in supplies. you will be marking the price up by 20% on this. how much will each toy cost when you place the price on your site and how much in profit will you earn?

The Cost of toy when placed on the site will be $14.4 and also Profit will be $2.4 on each toy.

Step-by-step explanation:

Given:

Cost Price of 1 wooden boat = $12.00

Percentile Markup price = 20%

We need to find the Selling Price of each toy and profit earned on selling each toy.

Solution:

We will first find the Amount of Markup price.

Amount of Markup price is equal to Percentile Markup price multiplied by Cost price of each toy and then dividing by 100;

Framing in equation form we get;

Amount of Markup price =

Now we will find Selling Price.

Selling Price is equal to sum of Cost Price and Markup Price.

Framing in equation form we get;

Selling Price = $12 + $2.4 = $14.4

Also Profit will equal to markup price on each toy.

Profit on each toy = $2.4

Hence The Cost of toy when placed on the site will be $14.4 and also Profit will be $2.4 on each toy.