Answer:
The selling price is $79.53 .
Step-by-step explanation:
Formula
[tex]Profit\ percentage = \frac{Profit\times 100}{Cost\ price}[/tex]
Let us assume that the cost price be x .
As given
Judy Garland Electronics operate on a net-profile rate of 20% on its printer cables.
If the markup is $8.95 and the overhead is $4.31 .
Selling price = Cost price + Markup price + Overhead price
Putting all the values in the above
= x + 8.95 + 4.31
= x + 13.26
Profit = Selling price - Cost price
= x + 13.26 - x
= 13.26
Putting all the values in the above
[tex]20 = \frac{13.26\times 100}{x}[/tex]
[tex]x = \frac{13.26\times 100}{20}[/tex]
[tex]x = \frac{1326\times 100}{20\times 100}[/tex]
[tex]x = \frac{1326}{20}[/tex]
x = $ 66.3
Thus
Selling price = x + 13.26
= 66.3 + 13.26
= $ 79.53
Therefore the selling price is $79.53 .
