Question

A phone sells for $499, which is marked up 40% of the selling price. The cost of the phone is:

Answer 1

Answer: 299.4

Step-by-step explanation: C = cost of the phone. Since the phone is marked up by 40% it would be 0.4 x. 499=199.6. So than it would be C +199.6+499, solve for c so minus to get C = $299.40