# SOLUTION: Use the markup equation S = C + rC, where S is the selling price, C is the cost, and r is the markup rate. A pair of jeans with a selling price of \$40 has a markup rate of 60%.

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 Click here to see ALL problems on Money Word Problems Question 356686: Use the markup equation S = C + rC, where S is the selling price, C is the cost, and r is the markup rate. A pair of jeans with a selling price of \$40 has a markup rate of 60%. Find the cost of the pair of jeans.Answer by mananth(12270)   (Show Source): You can put this solution on YOUR website!S = C + rC, s=40 r=60% 40 = C+0.6c 40=1.6c 40/1.6=c c= 25 cost m.ananth@hotmail.ca