Michael Waxman, a restaurant consultant, advised a client to buy ...

[student77]

Michael Waxman, a restaurant consultant, advised a client to buy a 30-inch diameter commercial kitchen exhaust system which was specifically designed to remove grease-laden air. Waxman knew that most vendors marked up these items 60 based on cost. If the cost of such an exhaust system is 1,910, what will be the selling price?

Question 2

If the Mexican peso is valued at 10.812 per U.S. dollar, compute the value in U.S. currency of 5,00 . Mexican pesos.

[Perkypinki]

Answer to Question 1

100 . + 60 = 160; 160  1,910 = 3,056 selling price

Alternate Solution: 60  1,910 = 1,146 dollar markup;

1,910 + 1,146 = 3,056 selling price

Answer to Question 2

462.45 in U.S. dollars

[student77]

Wow, this really help

[Perkypinki]

Thanks for the timely response, appreciate it