Question

Dan paid $34.30 for a sweater the price included a 40% markup what is the cost of the sweater before the markup

Answer 1

$24.5

Explanation:

Let x be the cost of sweater before markup.

We are told that Dan paid $34.30 for a sweater the price included a 40% markup. This means x plus 40% of x equals 34.30.

We can represent this information as:

`x+(40)/(100)x=34.30`

`x+0.40x=34.30`

`1.40x=34.30`

`x=(34.30)/(1.40)`

`x=24.5`

Therefore, the cost of sweater before the markup was $24.5.