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What is the cost of a pair of shoes when their Mark up is $16 and the price is $98.99?
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What is the cost of a pair of shoes when their Mark up is $16 and the price is $98.99?

User Brz
by
5.1k points

1 Answer

5 votes

Answer:

$82.99

Explanation:

The relationship between cost, markup, and selling price is ...

cost + markup = selling price

Filling in the given information, you have ...

cost + $16 = $98.99

Subtracting $16 from both sides of this equation gives ...

cost = $82.99

User Mbpro
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5.9k points
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