SOLUTION: Cecil green sells golf hats. He knows that most people will not pay more than $18 for a golf hat. Cecil needs a 23% markup on cost. What should cecil pay for his golf hats? ( round

Algebra ->  Finance -> SOLUTION: Cecil green sells golf hats. He knows that most people will not pay more than $18 for a golf hat. Cecil needs a 23% markup on cost. What should cecil pay for his golf hats? ( round      Log On


   

Question 1145933: Cecil green sells golf hats. He knows that most people will not pay more than $18 for a golf hat. Cecil needs a 23% markup on cost. What should cecil pay for his golf hats? ( round your answer to the nearest cent)
Cecil pay?
Answer by greenestamps(13200) About Me  (Show Source):
You can put this solution on YOUR website!


Let x be his cost for each hat. Then the requirement is that

x+%2B+0.23x+%3E=18.00

1.23x+=+18
x+=+18%2F1.23

You can do the calculation and the required rounding.