100 --- 55
1400 ---x
---------
x=1400 x 55/100 =14 x 55 = 770
The answer is 770
Hope This Helps!
Answer:
The selling price of the tea set should be $ 2170.
Explanation:
Given,
The cost price of the tea set = $ 1,400,
Markup in the price = 55 %,
Thus, the selling price of the tea set = Cost price + 55% of cost price
= 1400 + 55% of 1400
[tex]=1400+\frac{55\times 1400}{100}[/tex]
[tex]=1400+\frac{77000}{100}[/tex]
[tex]=1400+770[/tex]
[tex]=\$2170[/tex]
