SOLUTION: Jason's Appliance sells an oven for $650. Jason's marks up the oven 100% on cost. What is the cost? What is the dollar markup of the oven?

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Question 1019212: Jason's Appliance sells an oven for $650. Jason's marks up the oven 100% on cost. What is the cost? What is the dollar markup of the oven?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +c+ = the cost
The selling price is:
+c+%2B+c+=+2c+
--------------
+2c+=+650+
+c+=+325+
The cost is $325
---------------
+650+-+325+=+325+
The dollar markup is $325