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29 votes
29 votes
the selling price of an item is $585 it is marked down by 20% but the sale price is still marked up from the cost of $360 find the markup from cost to sale price.

User Pedro Gordo
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1 Answer

17 votes
17 votes

Since the selling price of $585 is marked down by 20%, then, the sale price is


\begin{gathered} 585-585(0.20)= \\ 585(1-0.20)= \\ 585(0.8) \end{gathered}

which is equal to $468.

Now, the cost is $360, then the markup is


468-360

which is equal to $108. Then, answer is $108.

User Jeff Clemens
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