Question

Abby Matthew store manager for Sears does not know how to price a refrigerator that cost $900 Abby knows her boss wants a 40% markup on cost When should the price of the refrigerator be?

Answer 1

The 40% marked up price of refrigerator is $1260.

Explanation:

The cost price of the refrigerator = $900

Now, the mark up should be 40%

Calculating the markup on the cost price , we get

40 % of $900 =
`(40)/(100)  * 900 = 360`

or, 40 % mark up = $360

Now, the Marked up cost = Cost Price + Marked up Price

= $900 + $360 = $1260

Hence, the 40% marked up price of refrigerator is $1260.