math
posted by lydia on .
A tie pin which sells for $200.00 has a markup rate of 30% on the selling price. Find the amount of the markup and the cost.

selling price= 200= cost+markup=1.30cost
cost= 200/1.3
markup=200cost 
A tie pin which sells for $200.00 has a markup rate of 30% on the selling price. Find the amount of the markup and the cost.

if cost is $22. and the markup is $6.80