# You have made two of the exact same necklaces that cost you a total of $15 in supplies. You have chosen to mark up the price by 15%. How much will each necklace be sold at and how much will you make in profit for each?Please show your work!!!! Answer: A) The selling price for each necklaces is$8.625

B) The profit mark in each necklaces is 15%

Step-by-step explanation:

Given as :

The total cost of two necklaces = c.p = $15 The markup percentage for the necklaces = m = 15% Let The selling price for both necklaces = s.p A ) Now, From markup method m% = or, 15% = or, 15% = - 1 or, = 1 + 15% or, = 1 + or, = or, = ∴ s.p = I.e s.p =$17.25

So, selling price of two necklaces = s.p = $17.25 or, selling price of one necklaces = s.p = =$8.625

Hence, The selling price for each necklaces is $8.625 Now, Again B) ∵ The total cost of two necklaces = c.p =$15

So, The cost price of one necklaces = = \$7.5

profit% for each necklace =

i.e profit% for each necklace =

Or, profit% for each necklace =

Or, profit% for each necklace = 0.15

So, The profit make in each necklaces = 15%

Hence, The profit mark in each necklaces is 15%

Answer

Rate answer
Wrong answer?

If your question is not fully disclosed, then try using the search on the site and find other answers on the subject Mathematics.

Find another answers

Load image
Subjects
Show more