   Chapter 8.II, Problem 8TIE ### 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

# Grand Prix Menswear buys suits for $169 from the manufacturer. If a 35% markup based on selling price is the objective, what should be the selling price of the suit? To determine To calculate: The selling price of the suit if the cost is$169 and percent markup based on selling price is 35%.

Explanation

Given Information:

The cost of the suit is $169 and percent markup based on selling price is 35%. Formula used: The selling price can be calculated using the following equation: Selling Price=Cost100%percent markup based on selling price or SP=C100%%MSP Calculation: Consider the provided data, The cost of the suit is$169 and percent markup based on selling price is 35%.

So, C=\$169 and %MSP=35%

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