Answer:
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.