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mr Goodwill [35]
3 years ago
9

If the markup is 80% and the selling price is $21.60, what is the cost to the store?

Mathematics
1 answer:
madam [21]3 years ago
5 0

Answer:

$12

Step-by-step explanation:

Let p be the store's cost (cost to buy the product wholesale).

Then the selling price is p + markup, or

                                         p + 0.80p = 1.80 p

and this comes to $21.60.

Dividing $21.60 by 1.80 results in p = $12.

The cost to the store is $12.

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