Violet buys a dresser at a yard sale for $40. She decides to sell it online for a profit. If Violet wants to sell the dresser for at least $65, what is the smallest markup she c…

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asked Dec 19, 2023 169k views

1 Answer

Heard · Answer 1 · 2023-12-26T05:40:04+0000

Consider that the dresser costs $40 to Violet. So the cost price C is $40.

She wants to sell the dresser for at least %65,

Then the selling price S must be greater than or equal to $65,

$S\ge65$

Since there is no discount or any overhead expense, the selling price is the same as the marked price M,

$M\ge65$

Then the minimum marked price will be $65.

Therefore, option (C) is the correct choice (but the % symbol should not be there).