All categories

3 years ago

The markup of an MP3 player is $207.20. The markup rate is 60%. What is the cost?

Mathematics

1 answer:

ch4aika [34]3 years ago

5 0

If markup is 60% of the cost, you have

... markup = 0.60×cost

... markup/0.60 = cost

... $207.20/0.60 = cost = $345.33

_____

If markup is 60% of the selling price, the other 40% is the cost. So, the cost is 40/60 = 2/3 of the markup.

... cost = (2/3)×markup = (2/3)×$207.20

... cost = $138.13

_____

Markup can be specified in terms of either selling price or cost. Those are the usual reference values; there could be others. When only the percentage is given, you don't have enough information to work the problem. You need to know what it is a percentage of. (Example problems in your text may tell you the expected interpretation.)

You might be interested in

Which of the following is an example of increasing both current liability and use assets?

kow [346]

I think you forgot to give the options along with the question. i am answering the question based on my knowledge and research. "Trading in an old car for a newer car and financing the balance" is <span>an example of increasing both current liability and use assets. I hope that the answer has come to your help.</span>

7 0

2 years ago

Read 2 more answers

5t-14=-14<br> solve the equation for t

ikadub [295]

Hi there!

Before we begin, let's rewrite your equation. :)

$5t - 14 = -14$

Step 1) Add 14 to both sides.

$5t - 14 + 14 = -14 + 14 5t = 0$

Step 2) Divide both sides by 5.

$\frac{5t}{5} = \frac{0}{5}$

$t = 0$

Final Answer -

$t = 0$

Hope this helps!

Message me if you need anymore help! :D

3 0

3 years ago

Jennifer is saving money to buy a bike. The bike costs $239. She has $127 saved, and each week she adds

melisa1 [442]

7 weeks. Total cost is 239 minus 127 she has saved leaves 112 more she needs to save. 112 divided by 16 a week is 7 weeks until she has enough money.

3 0

2 years ago

Read 2 more answers

the length of a rectangle is 1 meter less than its width. the area of the rectangle is 42 square meters. find the dimensions of

Keith_Richards [23]

Length - 6 meters
width - 7 meters

5 0

2 years ago

Determine if (-2,6) and (4,12) are solutions to the system of equations:

kykrilka [37]

Answer:

Both $(-2,6)$ and $(4,12)$ are solutions to the system.

Step-by-step explanation:

In order to determine whether the two given points represent solutions to our system of equations, we must "plug" thos points into both equations and check that the equality remains valid.

Step 1: Plug $(-2,6)$ into $y=x+8$