Question

The markup rate is the constant of proportionality in the equation y=kx . Write an equation that can be used to find the markup on the cost x of a ring.

Answer 1

The equation that can be used to find the markup on the cost x of a ring is
`x=(y)/(k)`

What is equation?

A mathematical definition of an equation is a claim that two expressions that are joined by the equals sign ("=") are equal. As an illustration, 2x-5 = 13. Here, the equations are 2x – 5 and 13. "=" is the symbol that joins these two expressions.

Given that

y=kx .

We can make subject of formula as

`x=(y)/(k)`