Question

Unit cost of ring: $375Markup: 75%Retail Price?

Answer 1

`Retail=\text{ \$656.25}`

Explanation:

The retail price is represented by:

`\text{ Retail= Cost*\lparen1+Markup \lparen as decimal\rparen\rparen}`

Therefore, by the given information:

`\begin{gathered} Retail=375*(1+0.75) \\ Retail=\text{ \$656.25} \end{gathered}`