Question

A jewelry supply shop buys silver chains from a manufacturer for c dollars each, and then sells the chains at a 57% markup. Find the expression and the retail price if purchased for $45.

Answer 1

Answer:

$70.65

Step-by-step explanation:

Givens

• The cost per chain is $c$ dollars.
• The manufacturer sells the chains at a 57% markup, which is the difference between the cost and the sell price, which can be expressed as follows

$markup=sell-cost$

$0.57c=sell-c$, where $c=45$

$0.57c+c=sell\\sell=1.57c=1.57(45)=70.65$

Therefore, the retail price is $70.65

Answer 2

I believe it is 70.65