Question

if the markup formula is 40percent of cost and the selling price is 49.99what is the cost/ a 31.76 b 33.33 c 34.33 d 35.71

Answer 1

An item, x, is marked up 40% and now costs $49.99
40% is 0.40
1 times any number will be the same number so we'll use that to add on the original price to the amount of increase
(1+0.40)x=49.99
x=49.99/1.4
x=35.71 so D is the answer