Asked by Liz
Vic's Department Store bought a pewter serving set for $1,250. Vic wants to markup the set at 60% of the selling price. The selling price of the pewter serving set should be:
Answer: $3,125 How to to solve this? Confused?
Answer: $3,125 How to to solve this? Confused?
Answers
Answered by
Reiny
Let the selling price be $x
If the markup is 60% based on the selling price, then
.4x = 1250
x = 1250/.4 = 3125
If the markup is 60% based on the selling price, then
.4x = 1250
x = 1250/.4 = 3125
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