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?
1 answer:
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.
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