Question

As purchasing assistant at Rosie’s Retail, you order a unique item for $1,055. You mark it to sell for 117% of the purchasing cost. How much do you sell it for?

Answer 1

Answer:

$2289.35

Step-by-step explanation:

We have been given that as purchasing assistant at Rosie’s Retail, you order a unique item for $1,055. You mark it to sell for 117% of the purchasing cost.

As the selling price equals to the cost of item plus markup, so to find the selling price of the item we can set an equation as:

$\text{The selling price of item}=1055+(\frac{117}{100}*1055)$

$\text{The selling price of item}=1055+(1.17*1055)$

$\text{The selling price of item}=1055+1234.35$

$\text{The selling price of item}=2289.35$

Therefore, we will sell the item for $2289.35.

Answer 2

Answer:

$1,234.35

Step-by-step explanation: