Unit cost of ring: $375Markup: 75%Retail Price?

asked Nov 14, 2023 113k views

3 votes

5.1k points

Please log in or register to add a comment.

6 votes

Answer:

$Retail=\text{ \$656.25}$

Explanation:

The retail price is represented by:

$\text{ Retail= Cost*\lparen1+Markup \lparen as decimal\rparen\rparen}$

Therefore, by the given information:

$\begin{gathered} Retail=375*(1+0.75) \\ Retail=\text{ \$656.25} \end{gathered}$

5.3k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.5m answers