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: Procedure are given below :

Explanation:

Since we have given that

Pay rate = $21.00

if he marked up by 78.7% , then

`78.7\%\text{ of }21\\\\=(78.7)/(100)* 21\\\\=16.527`

So, our pay rate becomes

`\$21+\$16.527=\$37.527`

Now, he made a 10% profit,

`10\%\text{ of }37.527\\\\=(10)/(100)* 37.527\\\\=\$3.7527`

So, pay rate becomes

`\$37.527+\$3.7527\\\\=\$41.2797`

which approximately $41.28