1. Abby Matthew, store manager for Sears, does not know how to price a refrigerator that costs $900. Abby knows her boss wants a 40% markup

Question

1. Abby Matthew, store manager for Sears, does not know how to price a refrigerator that costs $900. Abby knows her boss wants a 40% markup on cost. What should the price of the refrigerator be?

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Answers ( No )

    0
    2022-01-04T17:46:42+00:00

    900+.4*900=1260
    ……………

    0
    2022-01-04T17:47:06+00:00

    Answer: The price of the refrigerator would be $1260.

    Step-by-step explanation:

    Since we have given that

    Cost of refrigerator = $900

    Rate of mark up = 40%

    So, Amount of mark up is given by

    \dfrac{40}{100}\times 900\\\\=0.4\times 900\\\\=360

    Price of the refrigerator after mark up is given by

    \$900+\$360\\\\=\$1260

    Hence, the price of the refrigerator would be $1260.

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