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Cost to store: ? Markup:10% Selling price: $11 What would the cost to the store be?

Cost to store: ? Markup:10% Selling price: $11 What would the cost to the store be?
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Cost to store: ? Markup:10% Selling price: $11 What would the cost to the store be?

User RobertoNovelo
by
8.0k points

1 Answer

6 votes
markup = 10%
selling price = 100 + 10 = 110%

110% = $11
1% = $0.10
100% = 0.10 x 100 = $10

The cost is $10

User Dadinck
by
8.4k points
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