Unit cost of ring: $375Markup: 75%Retail Price?

EFloh asked Jul 4, 2023

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EFloh asked Jul 4, 2023

by EFloh

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26 votes

Answer:

$Retail=\text{ \$656.25}$

Explanation:

The retail price is represented by:

$\text{ Retail= Cost*\lparen1+Markup \lparen as decimal\rparen\rparen}$

Therefore, by the given information:

$\begin{gathered} Retail=375*(1+0.75) \\ Retail=\text{ \$656.25} \end{gathered}$

Tvon answered Jul 9, 2023

by Tvon

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