Victor's Detailing customers would be willing to pay $57 per detail. The average job would cost $30.
-Refer to the Figure.Assume Victor's Detailing uses markup to set the price on each job.The company requires an 80% markup on each job.What price should Victor's Detailing quote to a new customer?
A)$24
B)$30
C)$54
D)$84

Question

Quizplus · Accepted Answer

To calculate the price that Victor's Detailing should quote to a new customer, we need to use the formula:

Price = Cost + Markup

The markup is 80%, which means it is equal to 0.80 in decimal form. We know that the average cost of the job is $30, so we can calculate the markup as:

Markup = 0.80 x $30 = $24

Now we can calculate the price that Victor's Detailing should quote as:

Price = Cost + Markup = $30 + $24 = $54

Therefore, the best choice is C, $54.

Victor's Detailing Customers Would Be Willing to Pay $57 Per