Question

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:

Answer 1

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.