Find the selling price of a calculator that cost $24 if the markup for overhead is 42% of the cost and the mark up for profit is 20% of the cost plus over head

Question

 Math word problem

Answer 1

the calculator cost is $24.00

 

markup for overhead = $24.00 x 0.42 = $10.08

 

combined, $24.00 + 10.08 = $34.08

 

times the profit percentage + cost = ($34.08 x 0.2)  + 34.08 = $6.82 + 34.08 = $40.90