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3 years ago

9

Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is

the cost to contractors based on cost? (Round your answer to the nearest cent.)

1 answer:

trasher [3.6K]3 years ago

6 0

Selling price = cost + 0.42*cost = 1.42*cost
cost = selling price/1.42

cost = $9182/1.42 ≈ $6466.20

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