Answer:
Retail price of the popular leash is $14.78.
Step-by-step explanation:
As given
Joseph Haydn Pet Store offers wide variety of leashes for dogs.
The store purchases one popular type of leash from its manufacturer for $4.38 each.
Joseph Haydn Pets marks up leashes at a rate of 238% of cost.
238% is written in the decimal form .
[tex]= \frac{238}{100}[/tex]
= 2.38
Markup price = 2.38 × Cost of one popular leash
Putting all the values in the abpove
= 2.38 × 4.38
= $ 10.4 (Approx)
Retail price of the popular leash = Cost of one popular leash + Markup price
= $4.38 + $10.4
= $14.78
Therefore the retail price of the popular leash is $14.78.
