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2 years ago

what is the selling price of a dining room set at Macy's. assume actual cost is $800 and 55% markup on selling price

Mathematics

2 answers:

Nadusha1986 [10]2 years ago

3 0

$1240

$800+55%($440)

$800+$440=1240

Over [174]2 years ago

3 0

Answer: The required selling price of the dining room set is $1240.

Step-by-step explanation: We are given to find the selling price of a dining room set at Macy's if the actual cost is $800 and 55% markup on the selling price.

The markup price of the dining room set is given by

$M.P.=55\%\times 800=\dfrac{55}{100}\times 800=55\times8=440.$

Therefore, the selling price of the dining room set is given by

S.P. = 800 + M.P. = 800 + 440 = 1240.

Thus, the required selling price of the dining room set is $1240.

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