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

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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) About Me  (Show Source):
You can put this solution on YOUR website!
The equation wouuld be;
8%*x=5.5
divide 8% from both sides;
.08x%2F.08=5.5%2F.08
x=68.75
So the cost would be;
$68.75
=)