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Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special...

Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him $360 to make. He knows he wants 75% markup on cost. What price should Brian May ask for the guitar?
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Answer #1

Antique Cherry Special that cost =  $360.

Markup on cost percentage = 75%

Calculating price should Brian May ask for the guitar

Antique Cherry Special that cost x Markup on cost percentage

= $360 x 75%

=$270

Calculating selling price

=Antique Cherry Special that cost (1+Markup on cost percentage)

=$360(1+75%)

=$360(1+0.75)

=$360(1.75)

=$630

Selling price = $630

Any doubt comment below i will explain until you got....
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