Problema Solution
The Soft Step Floor Company purchases carpeting for $5.12 per square yard and marks it up 55% based on the selling price. What is the selling price per square yard? (Round to the nearest cent.)
Answer provided by our tutors
Sale price = Cost * (1 + Markup)
Sale price = 5.12 * (1 + 0.55)
Sale price = $7.936
Sale price = $7.94 to the nearest cent