SOLUTION: A furniture store sells its dining room sets at a set price that is 30% more than it paid the manufacturer for dining room sets. If the furniture store puts a selling prices of $24

Question 990584: A furniture store sells its dining room sets at a set price that is 30% more than it paid the manufacturer for dining room sets. If the furniture store puts a selling prices of $2499.99 on a dining room set, what did the furniture store pay the manufacturer for the set? Round your answer to the nearest cent.
Found 2 solutions by rfer, macston:
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
2499.99/1.30=$1923.07
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
.
Selling price=100% cost +30% cost=130% cost
.
Cost=(selling price)/1.30
Cost=$2499.99/1.30=$1923.07
.
ANSWER: The furniture store paid $1923.07 for the set.
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