SOLUTION: A television dealer pays $359.70 for a TV set. He has overhead, totaling 10% of the selling price, and wishes to make 35% profit on the selling price. What price should he charge f
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Question 581317: A television dealer pays $359.70 for a TV set. He has overhead, totaling 10% of the selling price, and wishes to make 35% profit on the selling price. What price should he charge for the set?
I have this answer:
x = (359.70 + (.10*359.70))/.65 = 608.72
My question is why not:
x = (359.70 + (.10*359.70)) * 1.35
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
The confusion comes with the phrase "selling price".
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