Tuesday

September 2, 2014

September 2, 2014

Posted by **Amelia** on Tuesday, December 8, 2009 at 1:51am.

- Business Math -
**drwls**, Tuesday, December 8, 2009 at 6:00am1.70 x $240 = ____

- Business Math -
**Amelia**, Tuesday, December 8, 2009 at 9:47amThat would be the answer for the markup on cost, but the 70% is a markup on selling price not cost.

Formula:

%Markup on cost=%markup on selling price/100% - % markup on selling price

x = 70%/100%-70%

x = 70%/30%

x = 233.333%

cost $240 x (233.33%) = $800

???????????????

Does this seem right?

**Answer this Question**

**Related Questions**

Business Math - A furniture store sells recliners at a 70% mark-up (based on ...

7th grade math Ms. Sue last two questions thanks - 15. In Store A, a book that ...

Finite Math - 66, A clothing store sells a shirt clothing $20 for $33 and a ...

Math - A video store sells a certain video for $32, which is 60 percent more ...

math..percents - Craig wants to buy some software for his computer. The company ...

Business Math - Bloomingdales purchases imported perfume for $24.30 per ounce. ...

Math - Store A usually sells a jacket for $72 but today I can buy it for $40. ...

7th grade math Ms. Sue help please thanks - 11. The sales tax rate is 6.9%. a. ...

Math - The price of a jacket at store A is $48. If the price at store B is 5.5% ...

MATH?!!? - a store sells ladders. . the retail price was a 40m percent markup ...