Asked by Ashley Perkins on May 12, 2024
Verified
A new state health law required the owners' dry cleaning companies to install large air circulators (fans) because of possible dangerous fumes. Gretchen Farmer, who sells such equipment, has a large rotating air circulator on an 8-ft weighted stand that cost her $242.20. Gretchen marked it up by $161.29. Find the selling price of the air circulator.
Air Circulators
Devices used to move air in a room or space effectively, often improving ventilation and comfort.
Selling Price
The amount of money charged to a customer for a product or service.
Dangerous Fumes
Hazardous gases or vapors that can cause harm or discomfort to individuals when inhaled.
- Implement the concept of markup to address issues related to missing elements in diverse business contexts.
- Compute the sales price of goods based on the purchase cost and the percentage of markup.
- Ascertain the cost of goods based on their selling price and markup rate.
Verified Answer
AS
Learning Objectives
- Implement the concept of markup to address issues related to missing elements in diverse business contexts.
- Compute the sales price of goods based on the purchase cost and the percentage of markup.
- Ascertain the cost of goods based on their selling price and markup rate.
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