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S_A_V [24]
3 years ago
8

At Ree Ski Center, the most people will pay for a neck warmer is $10. The manager of Ree Ski Center knows he needs a 30% markup

based on cost. What is the most a manager can pay the suppliers for neck warmers and still keep the selling price at $10?
Mathematics
1 answer:
taurus [48]3 years ago
4 0

Let x be the most the manager can pay the suppliers.

Then, we know from the information given in the question that the manager needs a 30% markup based on cost.

Therefore, the guiding equation will be:

x+\frac{30}{100}x\leq 10

because $10 is the most people will pay for a neck warmer.

Thus, the above equation will become:

x+0.3x\leq 10

1.3x\leq 10

x\leq \frac{10}{1.3}=7.69

\therefore x\leq 7.69

Thus, the most a manager can pay the suppliers for neck warmers and still keep the selling price at $10 is $7.69

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