Question

The selling price of a dining table is $250.00, the markup is 40%. What is the cost of the table?

$210.00

$150.00

$178.57

$350.00

Answer 1

$150.00

Explanation:

$250.00 - 40%

First, find 40% of $250.00 by multiplying $250.00 with 0.4 (40% in decimal form)

$250.00 * 0.4 = $100.00

Next, subtract the "percentage off" from the selling price

$250.00 - $100.00 = $150.00

Cost is $150.00

Answer 2

The cost of the table would be $150. 40% of $250 is $100.