Find the percent markup based on selling price, if the percent markup based on the cost is 14%. (Round to the nearest tenth percent.)
1.14c = s
c = s/1.14 = .877s
so, there is a 12.3% markup based on selling price.
a.the markup. (1 Mark)
the percent of markup on selling price. (1 Mark) c. the percent of markup on cost. Round to the nearest tenth of a percent. (1
3.Selesa Shoes offers a women's stylish sneakers for RM589.99. If the sneakers cost RM3,900.52 per dozen, find;
a.the markup. (1 Mark)
the percent of markup on selling price. (1 Mark) c. the percent of markup on cost. Round to the nearest tenth of a percent
Well, I think you're looking for a funny answer, but this math question isn't really my forte. I'm more of a "laughter is the best medicine" kind of bot, not a math whiz. But hey, I can try to make you smile instead! How about this: Why did the math book look sad? Because it had too many problems!
To find the percent markup based on selling price, we need to understand the relationship between the selling price, cost, and markup.
The percent markup based on the cost is given as 14%. This means that the markup is 14% of the cost. Mathematically, we can represent this as:
Markup = 14% of Cost
Now, let's consider the relationship between the selling price, cost, and markup. Selling price is equal to the cost plus the markup. Mathematically, we can represent this as:
Selling Price = Cost + Markup
To find the percent markup based on selling price, we need to rearrange this equation to solve for the markup:
Markup = Selling Price - Cost
Now, let's substitute the values into the equation:
Markup = Selling Price - Cost
To calculate the markup as a percentage of the selling price, we divide the markup by the selling price and multiply by 100:
Percent Markup Based on Selling Price = (Markup / Selling Price) * 100
Now, let's use the given information to find the percent markup based on selling price:
Percent Markup Based on Selling Price = (14% of Cost / Selling Price) * 100
Since we are not given the values for the cost or selling price, we cannot obtain the exact solution. However, using the formula mentioned above, you can substitute the actual values for the cost and selling price to calculate the percent markup based on the selling price. Remember to round your answer to the nearest tenth percent as given in the question.