Victor's Detailing customers would be willing to pay $57 per detail.The company requires an 80% markup on each job.The average job would cost $30. Victor's Detailing uses markup pricing to set the price on each job.What is the price Victor should quote a new customer?
A) $30
B) $24
C) $54
D) $84
E) $240

Question

Quizplus · Accepted Answer

Price = Cost + (Cost × Markup) or Price = Cost × (1 + markup)
$54 = $30 + ($30 × 0.80) = $30 + $24

Victor's Detailing Customers Would Be Willing to Pay $57 Per