Wednesday

August 24, 2016
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?