Question

Given a Markup of $8.45 and a Selling Price of $42.25 find the Cost

Answer 1

$\begin{gathered} \text{Markup = Selling price-Cost price} \\ 8.45=42.25-\text{Cost price} \\ \text{Cost price =42.25-8.45} \\ \text{Cost price =\ 33.8} \end{gathered}$