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If the markup formula is 40 percent of cost and the selling price of an item is $49.99, what is the cost ?
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If the markup formula is 40 percent of cost and the selling price of an item is $49.99, what is the cost ?

User Pallav
by
8.5k points

1 Answer

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40% is 0.40

(1.40)x=49.99
x=49.99/1.4
x=35.71

cost = $35.71

User Gurneet Sethi
by
8.7k points
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