Answered

IDNLearn.com is your go-to platform for finding accurate and reliable answers. Discover prompt and accurate answers from our experts, ensuring you get the information you need quickly.

When the manager of Fantastic Furniture buys a sofa from a manufacturer, she uses a markup of 45% of her cost to set the selling price of the sofa. What will be the selling price if the manager of Fantastic Furniture buys a sofa for $400? Show your work explain your reasoning.

Sagot :

Facundobuzzettiidn

Answer:

Selling price= $580

Step-by-step explanation:

eGiving the following information:

Buying price= $400

Mark-up percentage= 45% = 0.45

The manager applies a mark-up equivalent to 45% of the buying price. First, we need to determine how much is 45% of the cost.

Mark-up= buying price* Mark-up percentage

Mark-up= 400*0.45

Mark-up= $180

Now, the selling price:

Selling price= 400 + 180

Selling price= $580

We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.