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A floor lamp is marked up $25 with a 40% markup rate based on the selling price. What is the cost?

A floor lamp is marked up $25 with a 40% markup rate based on the selling price. What is the cost?
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A floor lamp is marked up $25 with a 40% markup rate based on the selling price. What is the cost?

User Jnforja
by
7.9k points

1 Answer

0 votes

Answer:

Markup formula.

Cost $25

Markup 40%

Revenue$35

Profit $10

User Daxgirl
by
8.7k points
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