posted by Liz on .
Vic's Department Store bought a pewter serving set for $1,250. Vic wants to markup the set at 60% of the selling price. The selling price of the pewter serving set should be:
Answer: $3,125 How to to solve this? Confused?
Let the selling price be $x
If the markup is 60% based on the selling price, then
.4x = 1250
x = 1250/.4 = 3125