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rolpace88 rolpace88
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8 years ago
Selling price = $92.19; Rate or markup based on cost = 89%. Find the cost and markup.
A) Cost: $43.41
Markup: $48.78
B) Cost: $82.05
Markup: $10.14
C) Cost: $10.14
Markup: $82.05
D) Cost: $48.78
Markup: $43.41
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Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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rolpace88 Author
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#2
8 years ago
Got my quiz back, you were right Slight Smile
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#3
8 years ago
Great, please mark the topic solved!
Anonymous
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#4
6 months ago
Help! The answer is missing an explanation...
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#5
Educator
6 months ago
Quote from: rolpace88 (8 years ago)
Selling price = $92.19; Rate or markup based on cost = 89%. Find the cost and markup.

B + BR = F
B + B(0.89) = 92.19
1.89B = 92.19
B = 92.19/1.89 = 48.78 (our cost)

Markup = 92.19 - Cost
Markup = 92.19 - 48.78
Markup = 43.41
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