Mr. Small, the store manager for Jay's Appliance, is having a difficult time placing a selling price on a refrigerator that cost $410. Mr. Small knows his boss would like to have a 45% markup based on cost. The selling price should be

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Karla Carlson

15 September, 19:33

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Bernard Shepard · Answer 1

A refrig. costing the seller $410 should be priced (retail) 45% higher.

Here's what we do: Mult. $410 by 1.45. Result: $581.45 (selling price)