At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
Solution:
Given:
[tex]\begin{gathered} \text{markup}=\text{ \$7.20} \\ \text{Selling price (S.P)= \$43.20} \\ \text{Cost price (C.P)=?} \end{gathered}[/tex][tex]\text{markup}=\text{Selling price-cost price}[/tex]To get the Cost price,
[tex]\begin{gathered} \text{Cost price (C.P)=Selling price-markup} \\ C\mathrm{}P=43.20-7.20 \\ C\mathrm{}P=\text{ \$36} \end{gathered}[/tex]
To calculate the percentage markup, the formula below is used;
[tex]\begin{gathered} \text{Percent markup=}\frac{\text{markup}}{\cos t\text{ price}}\times100\text{ \%} \\ \text{Percent markup=}\frac{7.20}{36}\times100\text{ \%} \\ \text{Percent markup=}\frac{720}{36}\text{ \%} \\ \text{Percent markup= 20\%} \end{gathered}[/tex]
Therefore, the percent markup on cost is 20%
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
