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Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is the cost to contractors based on cost? (Round your answer to the nearest
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Feb 23, 2019
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Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is the cost to contractors based on cost? (Round your answer to the nearest cent.)
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selling price = cost + 0.42*cost = 1.42*cost
cost = selling price/1.42
cost = $9182/1.42 ≈ $6466.20
Nishant Thapliyal
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Mar 1, 2019
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