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Anita Alvarez sells clothing for Toddler’s Shop. Baby blankets sell for $29.99 after a markup rate based on cost of 109%. Find the cost to the nearest cent.
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Anita Alvarez sells clothing for Toddler’s Shop. Baby blankets sell for $29.99 after a markup rate based on cost of 109%. Find the cost to the nearest cent.

User Geoffroy CALA
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1 Answer

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If the final price after an additional 109% markup is $29.99, then $29.99 is 209% of the original cost. Let that cost be x:
(209%)(x) = 29.99
2.09x = 29.99
x = 14.349
Therefore, the original cost was $14.35 (rounded to the nearest cent).
User Tyronne
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