CompuFit Outlet buys portable hard-disks for $465.3 each and has a rate of markup of 48.7% of the selling price. Round to two decimals

To find the selling price of the portable hard-disks, we use the formula:

\[
\text{Selling Price} = \frac{\text{Cost Price}}{1 - \text{Markup Percentage}}
\]

Given:
- **Cost Price (CP)** = $465.30
- **Markup Percentage (as a decimal)** = 48.7% = 0.487

Now, substituting the values:

\[
\text{Selling Price} = \frac{465.30}{1 - 0.487}
\]

\[
\text{Selling Price} = \frac{465.30}{0.513}
\]

\[
\text{Selling Price} \approx 907.60
\]

So, the selling price of each portable hard-disk is **$907.60**.

Would you like more details or have any questions?

Here are some related questions:

1. What is the profit made per portable hard-disk?
2. How would the selling price change if the markup rate was 60%?
3. What is the percentage markup on the cost price?
4. How many hard-disks must be sold to achieve a total revenue of $10,000?
5. If the selling price was $800, what would the markup percentage be?

**Tip:** Always double-check whether the markup is on the cost price or the selling price to avoid calculation errors.

CompuFit Outlet buys portable hard-disks for $465.3 each and has a rate of markup of 48.7% of the selling price. Round to two decimals.

Discover how to calculate the selling price of a portable hard-disk bought for $465.3 with a markup rate of 48.7% on the selling price. This step-by-step solution explores key algebraic concepts and percentage calculations, ideal for students in Grades 9-12.

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