Zales bought a tea set for $1,400 sales wants to markup the set 55% of the selling price the selling price of the tea set should

Question

3 years ago

6

be

2 answers:

ozzi · Answer 1 · 2022-01-03T08:19:17+03:00

ozzi3 years ago

8 0

The answer would be 770 dollars

Effectus [21] · Answer 2 · 2022-01-03T09:44:52+03:00

7 0

Answer:

The selling price of the tea set should be $2,170

Step-by-step explanation:

We know

Selling Price (SP) = Cost Price (CP) + Markup Amount

=> $SP=CP+CP\times \frac{55}{100}=CP(1+\frac{55}{100})$

=> $SP=\$ 1,400(1+\frac{55}{100})=\$ 2,170$

Thus the selling price of the tea set should be $2,170