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A radio sold for 5670 at a loss of 12%. Calculate the cost price​

1 Answer

7 votes

Answer: $773.18

Step-by-step explanation:

Revenue=Cost 1−Gross Margin

Revenue=5,670.001−0.1200

Revenue=6,443.18

Gross Profit=Revenue×Gross Margin

Gross Profit=6,443.18×0.1200

Gross Profit=773.18

Mark Up=Gross ProfitCost×100

Mark Up=773.185,670.00×100

Mark Up=13.64%

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