question archive Chapter 10 Markup Use: C+M-S Francesca Deltoro is selling an elliptical that she had purchased for $1
Chapter 10 Markup Use: C+M-S Francesca Deltoro is selling an elliptical that she had purchased for $1
Subject:FinancePrice:2.86 Bought9
Chapter 10 Markup Use: C+M-S Francesca Deltoro is selling an elliptical that she had purchased for $1.295. She would like to make a profit of 15% based on selling price. What should she charge? Round your answer to the nearest whole dollar.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
We know that she would like to make 15% on the selling price, therefore, M = 15%*Selling price
We will use the following formula to find the answer and we are given that the cost = $1295
Selling price = Cost + M
Selling price = Cost + (15%*Selling price)
0.85*Selling price = $1295
Selling price = $1295/ 0.85
= $1523.5294
She should charge $1524
