Question

Given a Markup of $7.20 and a Selling Price of $44.20 find the Cost Price

Answer 1

$37.0

Explanations

To get the value of the cost price, you will use the formula:

`\text{Cost Price+Markup=Selling Price}`

Given the following parameters

• Mark up = $7.20

,

• Selling price = $44.20

Required

• Cost Price

Substitute the given parameters into the formula to get the cost price:

`\begin{gathered} \text{Cost Price = Selling Price - Markup} \\ \text{Cost Pric}e=\$44.20-\$7.20 \\ \text{Coct Price=\$37.0} \end{gathered}`

Therefore the cost price will be $37.0.