SOLUTION: Given a 20% markup on cost and a dollar markup of $.50, What was the cost?

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Question 1025010: Given a 20% markup on cost and a dollar markup of $.50,
What was the cost?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +c+ = cost
given:
+c+%2B+.2c+=+c+%2B+.5+
+.2c+=+.5+
+c+=+2.5+
The cost was $2.50