   Chapter 8.I, Problem 19RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.Crystal Auto Supply purchases water pumps from the distributor for $35.40 each. If Crystal adds a 120 % markup based on cost, at what retail price should the pumps be sold? To determine To calculate: The retail price at which the pumps should be sold when the water pumps is purchased at$35.40 from the distributor by the Crystal Auto Supply and percent markup based on cost is 120%.

Explanation

Given Information:

The water pumps are purchased at $35.40 from the distributor by the Crystal Auto Supply and percent markup based on cost is 120%. Formula used: The Selling Price is calculated using the formula: SP=C(100%+%MCOST) Where SP is the selling price, C is the cost and M is the percent markup. Calculation: The purchase cost is$35.40, and percent markup based on cost is 120%.

The Selling Price is calculated by the formula,

SP=C(100%+%MCOST)

Substitute %MCOST=120% and  C =\$35

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### Find f g h. 40. f(x) = |x 4|, g(x) = 2x, h(x)=x

Single Variable Calculus: Early Transcendentals, Volume I

#### Convert the expressions in Exercises 6584 to power form. 23x1.2x2.13

Finite Mathematics and Applied Calculus (MindTap Course List)

#### For y = x sin x, y = _____. a) x cos x b) x cos x + 1 c) cos x d) x cos x + sin x

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th 