MATH SOLVE

6 months ago

Q:
# Abby Matthew store manager for Sears does not know how to price a refrigerator that cost $900 Abby knows her boss wants a 40% markup on cost When should the price of the refrigerator be?

Accepted Solution

A:

Answer:The 40% marked up price of refrigerator is $1260.Step-by-step explanation:The cost price of the refrigerator = $900Now, the mark up should be 40%Calculating the markup on the cost price , we get40 % of $900 = [tex]\frac{40}{100} \times 900 = 360[/tex]or, 40 % mark up = $360Now, the Marked up cost = Cost Price + Marked up Price = $900 + $360 = $1260Hence, the 40% marked up price of refrigerator is $1260.