Question

Cecil Green sells high quality golf hats. But, he knows that very few people will pay morethan $25 for a golf hat Cecil's standard mark up on apparel is 40%. What is the maximumCecil should pay for his golf hats?

Answer 1

$17.85

Explanation

you can easily solve this by using a rule of three.

Let

x represents the maximum vale

then

if

$\begin{gathered} 25usd\rightarrow140\text{ percent} \\ \text{then} \\ x\rightarrow100 \end{gathered}$

Step 2

the proportion is the same, so

$\begin{gathered} \frac{25}{140}=\frac{x}{100} \\ 25\cdot100=140\cdot x \\ x=\frac{2500}{140} \\ x=17.85 \end{gathered}$