SOLUTION: a pitcher sells for $46.00, which is marked up 40% based on cost. What is the cost of the pitcher? Round to the nearest cent.

Algebra.Com
Question 629710: a pitcher sells for $46.00, which is marked up 40% based on cost. What is the cost of the pitcher? Round to the nearest cent.
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
a pitcher sells for $46.00, which is marked up 40% based on cost
x + .40x = 46.00
x(1+.4) = 46.00
x = 46/1.4 = $32.86

RELATED QUESTIONS

a dvd rack is marked up $18.00, which is 50% markup based on cost. what was the cost of... (answered by 55305,wilft1,MathTherapy)
Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling (answered by JulietG)
If a college bookstore sells a textbook for $67.00, what is the bookstore's original cost (answered by richwmiller)
A pail and a pitcher contain q quarts of water altogether. The pail contains 9 times as... (answered by macston)
Superior Retail Club sells a set of reference books for $81. This retailer uses a 34%... (answered by FrankM)
A canary diamond sells for $49,000 and is marked up 55% on the selling price. What is the (answered by fractalier)
A DVD movie cost $8.00 and sells for $15.00. What is the rate of the markup based on... (answered by Fombitz)
a store sells purchases a washing machine from a manufacturer and marks it up 40% on the... (answered by Boreal)
A patio table set that costs a dealer PHP 25000 less 45%, 25% is marked up 160% based on... (answered by Theo)