William purchased a treadmill in 2021 for $1,250. In 2024 he…
William purchased a treadmill in 2021 for $1,250. In 2024 he decides to sell his treadmill and determines that the average 2024 price for a new treadmill is $1,740, so he decides to sell his treadmill at a price that is higher than his purchase price, but lower than the new average price. He decides to use a 24% markup to create his selling price. a) What is the growth factor? b) What will be the selling price after the 24% price markup?