Question

Green Mountain fitness center plans to offer its clients the services of a private trainer. The trainer works as a subcontractor and charges Green Mountain $65 for each one-hour session. Green Mountain has a policy of charging a markup rate of 55% of the cost of services. What is the minimum amount Green Mountain will charge its clients for each session with the private trainer?

Answer 1

$100.75 is what Green Mountain needs to charge to get .55x65.00 = 35.75 therefore $65.00 +35.75 = $100.75

Answer 2

Answer: The minimum amount that will charged by Green mountain is $100.75.

Explanation:

Since we have given that

Charges of trainer works as a subcontractor = $65

According to question, the charge has been mark up by 55%.

So, Mark up value would be

`(55)/(100)* 65\\\\=0.55* 65\\\\=\$35.75`

Hence, total minimum amount that will charge by Green Mountain for each session with the private trainer would be

$65+$35.75

=$100.75