Question

Find the price, discount, markup, or cost to store.

Answer 1

Using proportions and the markup concept, it is found that the cost to store is of $12.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three. Due to this, relations between variables, either direct or inverse proportional, can be built to find the desired measures in the problem.

The markup price of 80% means that the selling price is of 180% = 1.8 of the cost to store of x. The selling price is of $21.60, hence:

1.8x = 21.60

x = 21.60/1.8

x = $12.

The cost to store is of $12.

More can be learned about proportions at brainly.com/question/24372153
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