Sure! Let's go through the steps to find the selling price of the stereo.
1. Identify the cost price: This is the initial price of the stereo without any markup. According to the given information, the cost price is [tex]$125.39.
2. Identify the markup price: This is the additional amount added to the cost price to determine the final selling price. The given markup price is $[/tex]76.00.
3. Calculate the selling price: To find the selling price, you add the markup price to the cost price.
Here's the mathematical expression for this calculation:
[tex]\[ \text{Selling Price} = \text{Cost Price} + \text{Markup Price} \][/tex]
Substitute the given values into the expression:
[tex]\[ \text{Selling Price} = 125.39 + 76.00 \][/tex]
4. Perform the addition: Adding these two amounts together:
[tex]\[ 125.39 + 76.00 = 201.39 \][/tex]
So, the selling price of the stereo is $201.39.
