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Ryan
Ryan, Engineer
Category: Math Homework
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Experience:  B.S. in Civil Engineering
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Alpa lumber purchased a 10-inch table saw for $225 and will

Customer Question

alpa lumber purchased a 10-inch table saw for $225 and will markup the price 35% on the selling price. What will the selling price be?
Submitted: 12 months ago.
Category: Math Homework
Expert:  Ryan replied 12 months ago.

Hi,

Thank you for using the site. I'll be happy to help you with this.

The selling price will be:

Selling price = 225 / (1 - 0.35) = 346.15

Thanks,

Ryan

Customer: replied 12 months ago.
Can you please show the steps to how you did that question?
Expert:  Ryan replied 12 months ago.

Hi,

The formula for this is:

Selling price = Cost / (1 - Markup)

where "markup" is expressed as a decimal rather than a percentage.

Substituting 225 for the cost, and 0.35 for the 35% markup gives:

Selling price = 225 / (1 - 0.35) = 225 / 0.65 = 346.15

Ryan