Answer:
118.94
Explanation:
Markup Price is the price which is marked above the cost price. It may be different from selling price if any discount is offered to the customer on the marked price, and it may be same if there is no discount offered to the customer.
Cost Price = $84.96
Markup Price = 40% above cost price = 84.96×(1+(40/100)) = 84.96 × 1.4 = 118.94
Selling Price = Markup Price × (1 - ((Discount %)/100))
Assuming no discount is offered to customer, Selling Price = Markup Price, and hence Selling Price = 118.94
