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

Question

DENIUS [597]

3 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] · Answer 1 · 2021-12-04T23:56:38+03:00

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.