Register

What is the cost price? markon percent is 21% and the selling price is $99.99 assume that markon is a percent of the selling price

What is the cost price? markon percent is 21% and the selling price is $99.99 assume that markon is a percent of the selling price
153k views
3 votes
What is the cost price? markon percent is 21% and the selling price is $99.99

assume that markon is a percent of the selling price

User Umitu
by
7.5k points

1 Answer

2 votes
Hi there :-)

Let the cost be x
The markup 0.21
The selling price 99.99
x+0.21x=99.99
Solve for x
1.21x=9.99
X=99.99÷1.21
X=82.64 is the cost price

Hope it helps
User Firoz
by
7.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
Link Copied!