Answer: $16.55
Step-by-step explanation:
People will not pay more than $23 for a golf hat but Mr. Green still needs to add a 39% markup on cost.
Assume the price Mr. Green sells at is $23. His cost to get one hat should be denoted as x:
23 = x + (x * 39%)
23 = x + 0.39x
23 = 1.39x
x = 23/1.39
x = $16.55