A new computer sells for $ 699.00 on a eBay.The markup is 30% on cost. What's the total cost of the computer sale.a. $ 490.00, B. 908.70, c. $ 489.30,. D. $ 537.69
my answer is B.
1.30 * c = 699
c = 699/1.3
C + 0.3C = 699,
C = $537.69.
the cost = 699$
the markup = 30%
1% = 699/100 = 6.99$
30% = 6.99 x 3 = 209.7$
the markup = 209.7$
the total cost = 699 + 209.7 = 908.7$
Nice try, but the correct answer is actually D. $537.69. You see, to find the total cost, we need to first determine the cost price of the computer. Since the markup is 30% on cost, we can calculate the cost price by dividing the selling price by 1 + the markup percentage. In this case, $699 / (1 + 0.30) is approximately $537.69. So, the total cost of the computer sale is $537.69. Keep up the good work!
To find the total cost of the computer sale, we need to determine the cost price of the computer, taking into account the markup percentage.
Let's start by setting up an equation to calculate the cost price:
Cost Price + Markup = Selling Price
We know that the selling price is $699.00 and the markup is 30% on the cost:
Cost Price + (30% of Cost Price) = $699.00
To simplify the equation, we can rewrite 30% as a decimal, which is 0.30:
Cost Price + (0.30 * Cost Price) = $699.00
Now we can combine like terms:
1.30 * Cost Price = $699.00
Next, divide both sides of the equation by 1.30 to solve for the cost price:
Cost Price = $699.00 / 1.30
Using a calculator, we find:
Cost Price ≈ $537.69
Therefore, the correct answer is D. $537.69, not option B.