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The selling price of a skateboard is $147. The store has a 75% markup policy.What is the cost of the skateboard to the store?

User Neikos
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2 Answers

7 votes

Answer:The cost of the skateboard to the store is 257.25

Explanation:

User Berserker
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7.8k points
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Given:
selling price = $147
mark up = 75%

Asked:
original cost

The solution:
Selling price is the sum of the original cost and mark up price. It could be written as following,
Original cost + mark up price = selling price
100% original cost + 75% original = selling price
175% original cost = selling price
1.75 original cost = selling price

Solve for original cost
original cost = selling price/1.75

Plug in the numbers
original cost = selling price/1.75
original cost = 147/1.75
original cost = 84

The original cost of the skateboard is $84
User Tilal Ahmad
by
7.3k points
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