Question

Zales bought a tea set for $1,400 sales wants to markup the set 55% of the selling price the selling price of the tea set should be

Answer 1

The answer would be 770 dollars

Answer 2

The selling price of the tea set should be $2,170

Explanation:

We know

Selling Price (SP) = Cost Price (CP) + Markup Amount

=>
`SP=CP+CP* (55)/(100)=CP(1+(55)/(100))`

=>
`SP=\$ 1,400(1+(55)/(100))=\$ 2,170`

Thus the selling price of the tea set should be $2,170