the best floor company pruchases carpeting for 5.12 per square feet and marks it up 55% based on the selling price per square yard round to the nearest cent

glamrockqueen7

glamrockqueen7

Answered question

2020-10-27

the best floor company pruchases carpeting for 5.12 per square feet and marks it up 55% based on the selling price per square yard round to the nearest cent

Answer & Explanation

Szeteib

Szeteib

Skilled2020-10-28Added 102 answers

A mark up of 55% means 55% increase on the price.
Therefore, Markup price =5.12+0.55(5.12)=7.936
But this is in per square ft so convert it to per square yard by multiplying by 9 (3ft=1 yd so 9 ft2 = 1yd2): Markup price =7.936(9)
Markup price =71.4 per square yard

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