Problema Solution
The cost of manufacturing a printer is $64. The manufacturer has a markup of 60% when selling to a retailer. What is the selling price of the printer to the retailer?
Answer provided by our tutors
The markup is 60% of the $64 cost:
0.60*64 = $38.4
Selling price = Cost + Markup
Selling price = 64 + 38.4
Selling price = $102.40
The selling price of the printer is $102.40.