Willie is a boat dealer. He pays $28,250 for a boat and uses a 30% markup on
cost. At what price should Willie resell the boat?
Selling price = __________

To determine the selling price of the boat, you can use the formula for markup on cost:

\[
\text{Selling Price} = \text{Cost Price} + (\text{Cost Price} \times \text{Markup Percentage})
\]

Given:
- Cost Price = \$28,250
- Markup Percentage = 30% = 0.30

Now calculate:

\[
\text{Selling Price} = 28,250 + (28,250 \times 0.30)
\]

\[
\text{Selling Price} = 28,250 + 8,475 = 36,725
\]

Thus, Willie should resell the boat for **\$36,725**.

Would you like a more detailed explanation, or do you have any questions?

Here are some related questions:
1. What if Willie decided to use a 25% markup instead?
2. How does changing the markup percentage affect profit margins?
3. How would you calculate the profit Willie earns from this sale?
4. What if Willie needs to apply a discount to the selling price? How would that affect the final price?
5. How would you calculate the selling price if there were additional fees involved?

**Tip:** Always ensure the markup percentage is applied to the correct base (cost or selling price) depending on your pricing strategy!

Willie is a boat dealer. He pays $28,250 for a boat and uses a 30% markup on cost. At what price should Willie resell the boat? Selling price = __________

Learn how to calculate the selling price of a boat using a 30% markup on cost. Willie buys a boat for $28,250 and needs to find out at what price to resell it. This problem involves basic arithmetic and percentage calculations, suitable for students in Grades 6-8.

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