Julianne Fong started a company which sells equipment to retrofit buildings for the physically challenged. Julianne will pay $485.60 for a wheel chair access water cooler, with front and side push bars to activate the water fountain. If she decides to mark up the price 37.5% based on cost, what will be the selling price of the water cooler?
100 . + 37.5% = 137.5%; 137.5% × $485.60 = $667.70 selling price
Alternate Solution: 37.5% × $485.60 = $182.10 dollar markup;
$485.60 + $182.10 = $667.70 selling price
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