Explanation Given Information: Saks Avenue purchased a bracelet for $ 57.20 and the percent markup based on selling price is 42 % . Formula used: The Selling Price can be calculated using the following equation: Selling Price = Cost 100% − %Markup SP SP = C 100% − %M SP Calculation: The Cost is $ 57.20 and the percent markup based on selling price is 42 % . So, % M S P = 42 % and C = $ 57

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Chapter 8, Problem 6AT

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To calculate: The selling price of the perfume, if Saks Avenue purchased a bracelet for $57.20 and the percent markup based on selling price is 42%.

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Chapter 8, Problem 5AT

Chapter 8, Problem 7AT

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Chapter 8 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - Prob. 3TIE Ch. 8.I - Prob. 4TIE Ch. 8.I - Prob. 5TIE Ch. 8.I - Prob. 6TIE Ch. 8.I - Prob. 1RE Ch. 8.I - For the following items, calculate the missing...Ch. 8.I - Prob. 3RE Ch. 8.I - For the following items, calculate the missing...

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The selling price of the perfume, if Saks Avenue purchased a bracelet for $ 57.20 and the percent markup based on selling price is 42 % .

Solution Summary: The author explains how Saks Avenue purchased a bracelet for 57.20 and the percent markup based on selling price is 42%.

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To calculate: The selling price of the perfume, if Saks Avenue purchased a bracelet for $57.20 and the percent markup based on selling price is 42%.

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Chapter 8 Solutions