Answer:
Cost: $14.349
Markup: $15.649
Step-by-step explanation:
1. Rewrite the percent as decimal. Divide it by 100, as following:
109/100=1.09
3. Now, knowing that Baby blankets sell for $29.99 after a markup rate based on cost of 109%, you can write the following expresion:
Where x is the cost.
4. You must solve for x, then, you obtain:
5. The markup is: