Question

Find the cost of the article. Retail price of article = $555 Percentage of markup (on cost) = 35% Cost of article = _____. 194.25 360.75 411.11 749.25

Answer 1

Answer:

The correct option is D. $749.25

Step-by-step explanation:

Retail Price of the article = $555

Percentage of mark up on the cost = 35%

Mark up cost of the article = 35% of 555

                                            = 0.35 × 555

                                            = $194.25

Now, cost price of the article = Retail cost price + Mark up cost

                                                = 555 + 194.25

                                                = $749.25

Hence, Cost of the article = $749.25

Therefore, The correct option is D. $749.25