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DENIUS [597]
4 years ago
6

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc

ed that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is:
Business
1 answer:
xenn [34]4 years ago
3 0

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.

Explanation:

  • people will pay for the snowboards is $129.99.
  • Ski Market is convinced that it needs a 45%
  • The most that Ski Market can pay to its supplier for the snowboard is
  • = \frac{129.99}{100}×45
  • =$ 58.5
  • =129.99 ±58.5
  • = $71.49
  • Therefore,  Ski Market can pay to its supplier for the snowboards is $71.49.

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