SOLUTION: a markup rate of 40% was used on a basketball with a selling price of $82.60. find the cost of the basketball.
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Question 17952: a markup rate of 40% was used on a basketball with a selling price of $82.60. find the cost of the basketball.
Answer by ivy12003(22) (Show Source): You can put this solution on YOUR website!
cost of basketball before markup rate = $82.60
markup rate = 40%
cost of basketball before markup rate + cost of basketball before markup rate * markup rate
$82.60 + $86.60 * 40%
$82.60 + $34.64
$117.24
Therefore, the cost of the basketball is $117.24.
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