Brad Pham works as a department manager in a computer products ...

[olgavictoria]

Brad Pham works as a department manager in a computer products store. One particular fax machine sells for 212.40 . Management told Pham that the markup on this fax machine was 45 based on selling price. Calculate the cost of the machine.

Question 2

If the British pound is valued at 0.507949 per U.S. dollar, compute the amount of pounds one could purchase for 500 in U.S. currency. (Round answer to two decimal places.)

[LP]

Answer to Question 1

100 . - 45 = 55; 55  212.40 = 116.82 cost
Alternate Solution: 45  212.40 = 95.58 dollar markup;

212.40 - 95.58 = 116.82 cost

Answer to Question 2

253.97 pounds