SOLUTION: Attempting to fine the original cost of a product. If a product sold for $100.00, what was the cost if it was mark up 3.5 percent? Need to know the formula to use to figure this

SOLUTION: Attempting to fine the original cost of a product. If a product sold for $100.00, what was the cost if it was mark up 3.5 percent? Need to know the formula to use to figure this

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Question 430338: Attempting to fine the original cost of a product. If a product sold for $100.00, what was the cost if it was mark up 3.5 percent?
Need to know the formula to use to figure this out. I have a lot of products to do.
Thanks

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
100/1.035=$96.62
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