A Software Buyer Is Looking For A Product To Retail For $230. He Wants To Apply A Markup Of 38% (based On Selling Price)to The Product. Allowing For His Markup,what Is The Maximum Amount The Buyer Can Pay For The Software?

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2 Answers

Oddman Profile
Oddman answered
If $230 is the selling price, and 38% of $230 is the markup the buyer wants to apply, then the markup is 38%*$230 = 38/100*$230 = $87.40.

The maximum purchase price is $230 - 87.40 = $142.60.
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If the buyer has to pay more, either his markup will have to be lower, or his selling price will have to be higher.
Anonymous Profile
Anonymous answered
The maximum amount that can be paid for the product given the markup of 38% percent would be :

Retail = 230 $
Markup = 38 %.

Maximum amount = 230 + (0.38)230 = 317.4 $ (after applying markup)

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Anonymous