The cost of the item is = $15.70
The company operating expenses = 17% of the cost
Net profit = 7 % of cost
The company operating expenses = 17% of cost of the item
The cost of the item = $15.70
Operating expenses = 17% x 15.70
Operating expenses = 17/100 x 15.70
Operating expenses = 0.17 x 15.70
Operating expenses = $ 2.669
The net profit =7% of cost
Net profit 7/100 x 15.70
Net profit = 0.07 x 15.70
Net profit= $1.099
Profit = cost - selling price
Profit = $1.099
Total cost = cost of the item + operating expenses
Total cost = $15.70 + $2.669
Total cost = $18.369
1.099 = 18.369 - selling price
Isolate selling price
1.099 - 18. 369 = - selling price
- $17.27 =