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Calculate the price per hour for a service business based on 75% profit with cost per hour of $30.

 A) $120 B) $100 C) $130 D) $90 E) $140 

 Jan 9, 2016

Best Answer 

 #1
avatar+128053 
+5

I believe the answer is :

 

30/.25  = $120

 

75% of the price  (profit)  = $90........25% of the price (cost)   = $30

 

 

cool cool cool

 Jan 9, 2016
 #1
avatar+128053 
+5
Best Answer

I believe the answer is :

 

30/.25  = $120

 

75% of the price  (profit)  = $90........25% of the price (cost)   = $30

 

 

cool cool cool

CPhill Jan 9, 2016
 #2
avatar
+5

This is a case of markup based on the sales price, so we have:

If the sale price=P, then,

P - $30=.75P

P -.75P=$30

.25P=$30 divide both sides by .25

P=$30/.25

P=$120 Price per hour. The answer is "A".

 Jan 9, 2016

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