Question

A jewelry supply shop buys silver chains from a manufacturer for c dollars each, and then sells the chains at a 57% markup. Write an expression for the retail price of a silver chain. *

Answer 1

Answer:

The expression that represent the retail price of the silver chain is;

$1.57c$

Explanation:

Given that c represent the cost price of the chain.

And they sell at a 57% markup. that means the sell at 57% more than the cost price.

Which is;

$\begin{gathered} (1+\frac{57}{100})\times c \\ =(1+0.57)c \\ =1.57c \end{gathered}$

The expression that represent the retail price of the silver chain is;

$1.57c$