Question

The selling price of an item is 440 it is marked down by 30% but this sale is still marked up from the cost of 280 find the markup from cost to sale

a) $120
b) $160
c) $200
d) $240

Answer 1

The markup from cost to sale is $348.57.

Step-by-step explanation:

To find the markup from cost to sale, we need to calculate the original selling price before the 30% markdown. Let's assume the cost price is 'C', and the original selling price is 'S'.

The selling price after the 30% markdown is 440, which is 70% of the original price:

S - 30% of S = 440

Solving this equation, we find that the original selling price is 628.57 (approximately).

Therefore, the markup from cost to sale is S - C = 628.57 - 280 = $348.57.