A community for students. Sign up today!
Here's the question you clicked on:
 0 viewing
 3 years ago
A local True Value Hardware Store marks its goods up 38% on cost. If a snowblower cost True Value $400, the selling price would be:
 3 years ago
A local True Value Hardware Store marks its goods up 38% on cost. If a snowblower cost True Value $400, the selling price would be:

This Question is Closed

ihatealgebrasomuch
 3 years ago
Best ResponseYou've already chosen the best response.0$152? i don't know...

Harkirat
 3 years ago
Best ResponseYou've already chosen the best response.0selling price = cost + markup = 400 + 38% of 400 = 400 + 0.38*400 = 400 +152 = 552 so the selling price will be $552

mathteacher1729
 3 years ago
Best ResponseYou've already chosen the best response.1QUICK PRIMER ON PERCENTS 3.6% of a number means "multiply that number by 0.036" 67% of a number means "multiply that number by 0.67" 100% of a number means "multiply that number by 1.00" 105% of a number means "multiply that number by 1.05" So this problem is saying that the original cost of this thing was marked UP by 38%. After (AFTER) the markup, it now $400. So as an equation that means: (ORIGINAL PRICE) + 0.38 times (ORIGINAL PRICE) = 400 We can use "P" for "original price" and have P + 0.38P = 400 Which is just 1.38P = 400 Can you solve for P now? :)

mathteacher1729
 3 years ago
Best ResponseYou've already chosen the best response.1OH MAN I READ IT WRONG. I read it as saying "If True Value sells the thing at 400% AFTER markup,... how much was it worth BEFORE markup?" Sorry 'bout that. Harkirat has it correct.

lilbabydoll7384`
 3 years ago
Best ResponseYou've already chosen the best response.0its ok thanks guys!!!
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.