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?

Answer 1

900+.4*900=1260
...............

Answer 2

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.