The selling price of an item is $720. It is marked down by 30%, but this sale price is still marked up from the cost of $420.
1 answer:
The markup cost is $84 if the selling price of an item is $720. It is marked down by 30%, but this sale price is still marked up from the cost of $420.
<h3>What is markup price?</h3>Markup pricing is the practice in which the price of products or commodity is determined by taking all the goods together and adds a fraction as a markup.
We have:
The selling price of an item is $720. It is marked down by 30%
Markdown = 216
Now subtract it from the selling price:
= 720-216
Sale price = 504
Now,
= 504-420
Markup cost = $84
Thus, the markup cost is $84 if the selling price of an item is $720. It is marked down by 30%, but this sale price is still marked up from the cost of $420.
Learn more about the markup price here:
#SPJ1
You might be interested in
A formula is recursive if it expresses the term in terms of the previous one(s)
In this case, every term is 7 more than the previous one, so the formula for will only involve
:
In fact, this formula is simply saying: for every index , the term with that index is 7 more than the term before.
Also, we have to specify the starting point (otherwise we would go backwards indefinitely), so the complete recursive formula is
which means: start with 2 and generate every other term by adding 7 to the previous one.
A U B = set of all elements that are in both A or B:
A U B = {2, 3, 4, 5, 6, 7}
Here is a picture to see our answer.
