Posted by PLEASEEEE PLEASEEEE on Thursday, January 31, 2013 at 8:47pm.
$80.19
How do you get this answer? Can you explain it to me, please. Thank you
you take .80and mutiply by 99, then take that answer and subtract it from 99
Don't think so ....
let the cost price be x
selling price (retail price) = 99
there was a 80% markup on cost price
1.8x = 99
x = 99/1.8 = 55
check:
cost price = $55
markup = .8(55) = $44
Selling price = 55 + 44 = 99
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