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4 years ago

an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item

Business

1 answer:

Mila [183]4 years ago

4 0

Answer:

Explanation:

Using Formula

Cost + (Cost*Margin) = Selling Price

Cost is not known...

Cost (1 + Margin) = Selling Price

Cost = Selling Price / 1 + Margin

Here, Margin is 0.45 of cost and selling price is 46.4

Cost = 44.4 / 1.45

Cost = 32

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4 years ago

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an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item​

an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item