Onondaga electronics operates on a net-profit rate of 20% on its printer cables. if the markup is $8.95 and the overhead is $4.31, find the selling price.

The selling price be $79.56 .

Step-by-step explanation:

Let us assume that the cost price be x.

As given

If the markup is $8.95 and the overhead is $4.31 .

Selling price = Cost price + Markup price + Overhead price

                    =  x + 8.95 + 4.31

                    = x + 13.26

Profit = Selling price - Cost price

         =  x + 13.26 - x

         = $ 13.26

Formula

Putting the values in the above formula

x = $ 66.3

Thus cost price be $66.3 .

Thus

Selling price =  $66.3 + $13.26

                     = $ 79.56

Therefore the selling price be $79.56 .

21/58.

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