document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1025003>Question 1025003</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Assume markup based on cost.<BR>\n" );
document.write( "Selling price, $600; markup % = 60<BR>\n" );
document.write( "What was the actual cost? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #640398 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=640398\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> selling price = cost + markup * cost\r<BR>\n" );
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document.write( "selling price = 600<BR>\n" );
document.write( "markup = 60%\r<BR>\n" );
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document.write( "600 = cost + 60% * cost\r<BR>\n" );
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document.write( "60% is equal to .6\r<BR>\n" );
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document.write( "600 = cost + .6 * cost\r<BR>\n" );
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document.write( "factor out cost to get 600 = cost * (1 + .6)\r<BR>\n" );
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document.write( "simplify to get 600 = cost * 1.6\r<BR>\n" );
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document.write( "divide both sides by 1.6 to get 600 / 1.6 = cost\r<BR>\n" );
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document.write( "solve for cost to get cost = 375\r<BR>\n" );
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document.write( "you have cost = 375.\r<BR>\n" );
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document.write( "60% markup on cost makes selling price = 375 + 60% * 375.\r<BR>\n" );
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document.write( "60% * 375 = .6 * 375 = 225\r<BR>\n" );
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document.write( "selling price = 375 + 225 = 600\r<BR>\n" );
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document.write( "the solution is confirmed as good.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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