Question

A jwelery supply shop buys silver chains from a manufactorer for c dollars each and then sells the chains at a 57% markup

write the markup as a decimal

Answer 1

Answer: The expression for the retail price of a silver chain is 1.4c.

Explanation:

Let the amount of jewelry be c dollars.

Rate of mark up = 40%

So, Amount of mark up would be

`(40)/(100)` times c

= 0.4c

So, Amount after mark up would be

c+0.4c

=1.4c

Answer: The expression for the retail price of a silver chain is 1.4c.