A mirror selling for $98.00, marked up 30% on cost. M=$ C=$

asked Nov 1, 2020 141k views

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A mirror selling for $98.00, marked up 30% on cost.

M=$

C=$

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6 votes

Answer:

M = $22.62

C = $75.38

Explanation:

Selling Price = $98

Markup = 30%

Selling Price = 100 + 30 = 130%

130% = $98

1% = 98/130

Markup

= 98/130 x 30

= $22.62

Cost Price

= 98/130 x 100

= $75.38

James Buck answered Nov 6, 2020

7.8k points

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