# Math

Assume you own a sporting goods business. Find the selling price for a tent costing \$387, based on a 25% markup on selling price.

\$387/75% = \$516

can anyone tell me if this is correct?

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1. The arithmetic is obviously correct, your calculator could have told you that.
My question: why are you making that calculation?

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2. I am not sure what you mean? Is the answer correct?

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3. No.

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Ms. Sue
4. Could anyone please correct me?

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5. Experiment with the numbers until you find a reasonable answer.

Hint: \$500 is too much.

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Ms. Sue
6. Is it 490.25 or 399.99?

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7. Actually the answer is correct
profit = 516-387 = 129
markup based on selling price = 129/516 = .25
markup based on cost price = 129/387 = .33..

I just wanted Heyhi to explain to me why he performed that calculation.
He seems to be obsessed only with the answer, whereas I am more obsessed with
the analysis and procedure to obtain that answer.

Secondly, most of his problems dealt with markups based on selling price, which is unusual. Of course if a profit is made then the markup based on selling price is always lower than the markup based on cost price. Perhaps the business wants to give the impression of a lower markup?

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8. Thanks, Reiny. I was wrong and barking up the wrong tree.

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Ms. Sue
9. Yeah, I think that he was using a formula that's in my textbook, which if there's 25% off a selling price, take the selling price and divide by
100% - discount percentage. So, \$387/75% = \$516.

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