SOLUTION: Ike Penrose sells oriental rugs. Ike buys a rug for $1,850. Based on an 80% markup on cost, at what price should Ike resell the rug?

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Question 1182346: Ike Penrose sells oriental rugs. Ike buys a rug for $1,850. Based on an 80% markup on cost, at what price should Ike resell the rug?

Answer by MathLover1(20849) About Me  (Show Source):
You can put this solution on YOUR website!

1850%2B%2880%2F100%291850=3330 is the price Ike should resell the rug
profit:1480