Answer:
a. $49
b. $74.28
c. No
Step-by-step explanation:
The computation is shown below:
a. The store price is
= Purchase price + markup
= $35 + $35 × 40%
= $35 + $14
= $49
b. The price paid is
Since there is a markup of 40% and when it is added to 100% of cost so the selling price is 140% of the cost or 1.40 of the cost
Now the price paid is
$104 = 1.40 × cost
So, the cost is
= $104 ÷ 1.40
= $74.28
c. Now the markup is
= $100 - $75
= $25
The markup percentage is
= $25 ÷ $75
= 33.33%
No the store does not markup the price by 40%
Subtract 110 dollars from 77 dollars to get your answer of 33 dollars
Hope this helps
That would be -20. a negative divided by a negative number is positive, positive divided by negative is negative bc even numbers of negatives make it positive. and ofc 20 x 5 = 100, hence the ‘20’
