SOLUTION: At Town Lighting, a light fixture is sold at a price of $382.20, including a markup of 40% of cost.
(a) What is the cost of the item?
(b) What is the rate of markup based on th
Algebra.Com
Question 1127443: At Town Lighting, a light fixture is sold at a price of $382.20, including a markup of 40% of cost.
(a) What is the cost of the item?
(b) What is the rate of markup based on the selling price?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the cost of the item
$273
----------------------
28.57%
RELATED QUESTIONS
A local department store sold a cookware set at the retail cost of 40$. The actual cost... (answered by vicgonzerx)
Given a 20% markup on cost and a dollar markup of $.50,
What was the... (answered by josmiceli)
The retail selling price of a sofa is $806.25. What is the cost to the dealer if she... (answered by LuckyLep)
The retail selling price of a sofa is $806.25. What is the cost to the dealer if she... (answered by scott8148)
The Pottery bought 600 pans auctioned off for $4950. This means that each pan has the... (answered by solver91311)
Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.35 each. If a spoilage rate (answered by Edwin McCravy)
A shoe store bought 225 pairs of shoes for $15750. Twenty five pairs were sold at markup... (answered by richwmiller)
The selling price of a car is $21,000. If the markup is 20% of the dealer’s cost, what is (answered by robertb)
The selling price of a refrigerator is 721.20. If the markup is 20% of the dealers cost,... (answered by josmiceli)