Answer:
Selling price= $6.53
Step-by-step explanation:
Giving the following information:
A bookstore pays $4.50 for a novel. The percent of markup is 45%.
To calculate the selling price, we need to use the following formula:
Selling price= purchase price*(1 + mark up percentage)
Selling price= 4.5*1.45
Selling price= $6.53
