Question

The store just a received a shipment of guitars. Your boss only paid $80.00 for each guitar, but wants to make a profit of 65% per guitar. How

much will the store be charging for each guitar? SHOW ALL OF YOUR WORK

Answer 1

the store will charge 132 for each guitar

Explanation:

Figure of what 65% of 80 is

65% of 80 is 52 so add 52 to 80

Now you have your answer :)

Answer 2

Sell price = purchase price x ( 1 + percent)

Sell price =80 x 1.65

Sell price = $132