Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $100 for a comforter. Misu wants a 20% markup on cost instead of on selling price. What is Misu’s cost?

ridge041h

ridge041h

Answered question

2022-09-14

Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $100 for a comforter. Misu wants a 20% markup on cost instead of on selling price. What is Misu’s cost?

Answer & Explanation

Zayden Dorsey

Zayden Dorsey

Beginner2022-09-15Added 18 answers

Given:
Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $100 and Misu wants a 20% Markup on cost instead of selling price
Selling price = $100
Mark up =20% on cost
let the cost per unit be =$ k
rank up = k × 20 % = 0.20 k
cost + mark up = selling price per unit
k + 0.20 k = 100 1.2 k = 100 k = 100 1.2 k = 83.33
Misu cost is $ 83.33

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