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An Apple ipod sells for $299, which is marked up 40% of the selling price. The cost of the Ipod is what?

An Apple ipod sells for $299, which is marked up 40% of the selling price. The cost of the Ipod is what?
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1 vote
An Apple ipod sells for $299, which is marked up 40% of the selling price. The cost of the Ipod is what?

User Sameer Manek
by
7.9k points

2 Answers

2 votes

Answer:$179.4

Step-by-step explanation:

User RH Becker
by
8.0k points
3 votes
This means that the original price is 60%, which we will use to calculate it.
299 (the discounted price) : x (the original price) = 60 % : 100 %
60x = 299 * 100
60x = 29900
x = 29900 / 60
x = 498.33
The cost of the Ipod is $498.33
User Jeremy Stein
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8.7k points
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