SOLUTION: Assume that markup is based on cost. Calculate the cost and selling price. Cost ? selling price ? dollar markup $4.70 % markup on cost 102.17%

Algebra ->  Finance -> SOLUTION: Assume that markup is based on cost. Calculate the cost and selling price. Cost ? selling price ? dollar markup $4.70 % markup on cost 102.17%       Log On


   

Question 400459: Assume that markup is based on cost. Calculate the cost and selling price.
Cost ?
selling price ?
dollar markup $4.70
% markup on cost 102.17%
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
4.70/1.0217=4.60 cost
4.70+4.60=9.30 selling price