Answer:
$50
Step-by-step explanation:
Price of the cell phone bought p = $40
% of markup in price = 25%
Selling price of the cell phone = p + (%)p
Selling price of the cell phone = P + (0.25)p
Selling price of the cell phone = p + 0.25p
Selling price of the cell phone = 1.25p
Selling price of the cell phone = 1.25 * $40
Selling price of the cell phone = $50
