SOLUTION: You have a markdown of 8% and the total sales price is 5.50 then what is the cost?

Question 14993: You have a markdown of 8% and the total sales price is 5.50 then what is the cost?
Answer by elima(1433) (Show Source): You can put this solution on YOUR website!
The equation wouuld be;
8%*x=5.5
divide 8% from both sides;

x=68.75
So the cost would be;
$68.75
=)