SOLUTION: Superior Retail Club sells a set of reference books for $81. This retailer uses a 34% markup based on cost for this type of merchandise.
Calculate the following (round your resp
Algebra.Com
Question 976813: Superior Retail Club sells a set of reference books for $81. This retailer uses a 34% markup based on cost for this type of merchandise.
Calculate the following (round your responses to the nearest cent):
What is Cost of the Item?
What is the Markup?
Answer by FrankM(1040) (Show Source): You can put this solution on YOUR website!
$81 is 134% of the cost, so
81/1.34 = 60.45
The cost is $60.45 and $20.55 is the markup.
RELATED QUESTIONS
Good Stuff Retailers sells a wool sweater for $74. This retailer uses a 51% markup based... (answered by Theo)
The cost of a food blender for the retailer is $40.00 and the retailer applies a markup... (answered by ewatrrr)
A children's store sells a toy racetrack for $94.25. The owner uses a 45% markup based on (answered by fractalier)
A local department store sold a cookware set at the retail cost of 40$. The actual cost... (answered by vicgonzerx)
A retailer pays $90 to a wholesaler for an article. The retail price is set using a 60%... (answered by addingup)
plzzz solve this
A retailer pays $90 to a wholesaler for an article. The retail price is (answered by josmiceli)
If a store uses a selling price-based markup of 40%, and an item costs the store $300,... (answered by KMST)
Retail dress shop used a mark up rate of 50%. The dress cost the retailer 25.00. The... (answered by CharStar)
A DVD movie cost $8.00 and sells for $15.00. What is the rate of the markup based on... (answered by Fombitz)