Question

A jewelry supply shop buys silver chains from a manufacturer for c dollars each, and then sells the chains at a 57% markup. Find the expression and the retail price if purchased for $45.

Answer 1

i believe it is 70.65

Answer 2

$70.65

Explanation:

Givens

• The cost per chain is
  `c` dollars.
• The manufacturer sells the chains at a 57% markup, which is the difference between the cost and the sell price, which can be expressed as follows

`markup=sell-cost`

`0.57c=sell-c`, where
`c=45`

`0.57c+c=sell\\sell=1.57c=1.57(45)=70.65`

Therefore, the retail price is $70.65