SOLUTION: Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is the cost to contractors based on cost?
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Question 1116088: Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is the cost to contractors based on cost? Answer by addingup(3677) (Show Source):
You can put this solution on YOUR website! 42% on top of cost:
C + 0.42C = 9,182
1 + 0.42C = 9,182
1.42C = 9,182
C = 9,182/1.42 = 6,466.20
