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:
A)$745.45
B)$754.54
C)$594.50
D)$549.50
E)None of these

Question

Quizplus · Accepted Answer

To find the selling price with a 45% markup based on cost, calculate 45% of $410 and add it to the original cost: $410 + ($410 * 0.45) = $410 + $184.50 = $594.50.

Mr Small, the Store Manager for Jay's Appliance, Is Having