it costs $5,600 to manufacture a Jet Ski. if the desired percent markup based on

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Mathematics

Question Description

it costs $5,600 to manufacture a Jet Ski. if the desired percent markup based on cost is 48%, how much should each Jet Ski sell for?

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Explanation & Answer

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Cost to manufacture = $5,600

Markup % = 48%  

Markup price = (48/100) * 5600 = $ 2,688.00

sell price = cost of manufacture + mark up price

= 5600 + 2688 = $8,288.00

The jet ski sells for $8288.

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PunaqenC (724)
Cornell University

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