Calculate the price per hour for a service business based on 75% profit with cost per hour of $30.
A) $120
B) $130
C) $100
D) $140
E) $90

Name: Calculate the price per hour for a service business based on 75% profit with cost per hour of $30. A) $120 B) $130 C) $100 D) $140 E) $90
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Question

Quizplus · Accepted Answer

The cost per hour is $30, and the business wants to make a 75% profit on this cost. To find the price per hour, you calculate it as cost / (1 - profit margin). So, $30 / (1 - 0.75) = $30 / 0.25 = $120.

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