SOLUTION: 1)A shoe manufacturer desires to obtain a mark-up of R185 per pair of shoes.If his mark-up is 45%; 1.1What is the cost of the shoe to the manufacturer? 1.2How much will be the se

Algebra ->  Finance -> SOLUTION: 1)A shoe manufacturer desires to obtain a mark-up of R185 per pair of shoes.If his mark-up is 45%; 1.1What is the cost of the shoe to the manufacturer? 1.2How much will be the se      Log On


   



Question 982530: 1)A shoe manufacturer desires to obtain a mark-up of R185 per pair of shoes.If his mark-up is 45%;
1.1What is the cost of the shoe to the manufacturer?
1.2How much will be the selling price of a pair of shoes?

Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
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1.1 Cost=R185/0.45 = R411,11
1.2 Selling price = cost+mark-up = R411,11+R185 = R596,11