Answered

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The selling price of office furniture at Staples is $6,000, percent markup on cost is 40%. Calculate the actual cost.

Sagot :

Parrain

Based on the selling price of the office furniture and the percentage markup on cost, the actual cost is $4,285.71

What is the actual cost?

The actual cost can be found by the formula:

= Selling price / (1 + markup percentage)

Solving will then give:

= 6,000 / (1 + 40%)

= 6,000 / 1.4

= $4,285.71

In conclusion, the actual cost is $4,285.71 .

Find out more on markup percentages at https://brainly.com/question/852329

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