Question

A store manager buys binoculars for $45 each. He marks up the cost by 40% to get the store price. Then the store has a sale and the store price is reduced by 10%. What is the sale price of the binoculars?​

Answer 1

Answer:

$56.70

Step-by-step explanation:

The cost plus markup is found by multiplying $45 by 1.40:  $63.

With the 10% price reduction, the sale price is 0.90($63) = $56.70.

Regarding 1.40:  the '1' results in the full price to the manager plus the '0.40' markup.