Answer:
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Step-by-step explanation:
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Answer:
A. $58.50
B. $80
C. No. The markup was 33 1/3%
Step-by-step explanation:
You are expected to know the relevant relationship is ...
cost + markup = selling price . . . . also called "store price" in this problem
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A. The markup is 30% × $45 = $13.50, so the store price is ...
$45 + 13.50 = $58.50
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B. When the 30% markup is added to the 100% cost, the selling price is 130% of the cost, or 1.30 times the cost. Here you have ...
$104 = 1.30 × cost
$104/1.3 = cost = $80 . . . . . divide by the coefficient of cost
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C. The markup is $100 -75 = $25, so the markup percentage based on cost is ...
$25/$75 × 100% = 33 1/3%
This is not 30%.
Step-by-step explanation:
