Question 707173: What is the store cost for a ring that has a selling price of $4500 with a 1400% mark up?
Answer by jim_thompson5910(35256)   (Show Source):
You can put this solution on YOUR website! I think you mean 140% not 1400%
if 4500 dollars is the final price to the customers, then
1.4x = 4500
x = 4500/1.4
x = 3,214.28571
x = 3,214.29
So the store bought the ring for 3,214.29 dollars originally and applied a 140% mark up to get the price for consumers to be $4,500
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