Question

Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him £340 to make. He knows he wants 80% markup on cost. What price should Brian May ask for the guitar?

Answer 1

9514 1404 393

Answer:

£612

Explanation:

If Brian wants to add 80% of the cost to the cost, the selling price will be ...

£340(100% +80%) = £340·1.80 = £612

Brian May should ask £612 for the guitar.