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

Mathematics

1 answer:

Sergio039 [100]2 years ago

5 0

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

<h3>What is a proportion?</h3>

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.

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Answer:

Step-by-step explanation:

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