Question

A gallon manufacturer received an order for prom dresses from China her cost is $40 a gallon if her markup based on selling price is 67% what is the selling price of each gown

rounded to the nearest cent ​

Answer 1

the selling price of each gown is $66.80.

Explanation:

To find the selling price of each gown, we can use the formula for calculating the selling price based on the markup:

Selling Price = Cost + Markup

Given that the cost is $40 a gallon and the markup based on selling price is 67%, we need to calculate the markup amount first:

Markup = Markup Percentage × Cost

Markup = 0.67 × $40

Now, add the markup to the cost to get the selling price:

Selling Price = Cost + Markup

Let's calculate the values:

Markup = 0.67 × $40 = $26.80

Selling Price = $40 + $26.80 = $66.80

So, the selling price of each gown is $66.80.