Let 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:
because $10 is the most people will pay for a neck warmer.
Thus, the above equation will become:
Thus, the most a manager can pay the suppliers for neck warmers and still keep the selling price at $10 is $7.69
a) Net result of Tamiko's transactions = $143.75
b) Total amount she can save = $86.25
Step-by-step explanation:
Step 1 :
Given,
Amount Tamiko got in her first check = $109.60
Amount of the bonus check = $34.15
Fraction of the amount she wants to save =
We need to find the net results of her transactions and the amount she will save
Step 2 :
The new result of her transactions can be computed by adding the amount she has received through both the check.
Total amount she received = 109.60 + 34.15 = 143.75
Total amount she can save = × 143.75 = 86.25
Step 3 :
Answer :
a) Net result of Tamiko's transactions = $143.75
b) Total amount she can save = $86.25