Question

Olive INC. purchased computers worth 21,000 each. At what price should the computers be sold if the 30% mark on rate is based on the selling price?

Answer 1

Given data: Rate of computer is 21,000 and the marigin is 30%

selling price = original price +profit margin.

Thus, the selling price is $27300.

`\begin{gathered} \text{Profit marigin =}(30)/(100)\cdot21000=6300. \\ So,\text{ selling price= 21000+6300=}27300 \end{gathered}`