SOLUTION: a pitcher sells for $46.00, which is marked up 40% based on cost. What is the cost of the pitcher? Round to the nearest cent.

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: a pitcher sells for $46.00, which is marked up 40% based on cost. What is the cost of the pitcher? Round to the nearest cent.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 629710: a pitcher sells for $46.00, which is marked up 40% based on cost. What is the cost of the pitcher? Round to the nearest cent.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

a pitcher sells for $46.00, which is marked up 40% based on costhighlight%28x%29

    x + .40x = 46.00

    x(1+.4) = 46.00

        x = 46/1.4 = $32.86