Question

Given a Markup of $7.20 and a Selling Price of $44.20 find the Cost Price

Answer 1

Answer:

$37.0

Explanations

To get the value of the cost price, you will use the formula:

$\text{Cost Price+Markup=Selling Price}$

Given the following parameters

• Mark up = $7.20

,

• Selling price = $44.20

Required

• Cost Price

Substitute the given parameters into the formula to get the cost price:

$\begin{gathered} \text{Cost Price = Selling Price - Markup} \\ \text{Cost Pric}e=\ 44.20-\ 7.20 \\ \text{Coct Price=\ 37.0} \end{gathered}$

Therefore the cost price will be $37.0.