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1. Abby Matthew, store manager for Sears, does not know how to price a refrigerator that costs $900. Abby knows her boss wants a 40% markup on cost. What should the price of the refrigerator be?

2 Answers

2 votes
900+.4*900=1260
...............
User Morgler
by
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4 votes

Answer: The price of the refrigerator would be $1260.

Explanation:

Since we have given that

Cost of refrigerator = $900

Rate of mark up = 40%

So, Amount of mark up is given by


(40)/(100)* 900\\\\=0.4* 900\\\\=360

Price of the refrigerator after mark up is given by


\$900+\$360\\\\=\$1260

Hence, the price of the refrigerator would be $1260.

User Bigopon
by
8.7k points