Question

If i have a pay rate of $21.00 and marked up 78.7% and made a 10% profit. how did i get $41.28?

Answer 1

Answer:By multiplying with (1+0.01x) where x is the percentage of increase, monthly pay rate of 21$ after marked up 78.7% and 10% profit will be $41.28.

Explanation:

Given that pay rate is 21$ and it is marked up by 78.7% and made a 10% profit.

If any value marked up or made a profit of x% then we have to multiply with (1+0.01x) to find the new value.

New pay after 78.7% marked up using above formula is
`21X(1+0.01X78.7)=21X1.787=37.527`

Now we have to use above formula again for 10% profit.

Hence new value
`=37.527(1+0.01X10)=37.527X1.1=41.2797`≈$41.28