Error Analysis A store is instructed by corporate headquarters to put a markup of 67 % on all items. An item costing $6 is displayed by the store manager at a selling price of $4. As an employee, you notice that this selling price is incorrect. Find the correct selling price. What was the manager's likely error?

Question

Mathematics

Jane Bernard

7 June, 10:29

Error Analysis A store is instructed by corporate headquarters to put a markup of 67 % on all items. An item costing $6 is displayed by the store manager at a selling price of $4. As an employee, you notice that this selling price is incorrect. Find the correct selling price. What was the manager's likely error?

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Answers (1)

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Jerry Kramer · Answer 1

Answer: then the manager's likely error is $6.02

Step-by-step explanation:

The store is instructed by corporate headquarters to put a markup of

67 % on all items. This means that the amount by which an item that initially costs $6 would increase is

67/100 * 6 = 0.67 * 6 = $4.02

Therefore, the correct selling price of the item would be

6 + 4.02 = $10.02

If an item costing $6 is displayed by the store manager at a selling price of $4., then the manager's likely error is

10.02 - 4 = $6.02