Question

The Morgan styling salon sells it’s private label styling gel for $19.98 after a markup of 160% based on the cost fine the cost and markup

Answer 1

19.98 = x + x(1.6)

19.98 = 1.6x + x

19.98 = 2.6x

x = 7.68

x(1.6) = 12.29

The cost is $7.68 and the markup is $12.29. (Approximate due to rounding)

Hope this helps!! :)