The computer sells for $995 which is marked up 35% of the selling price. The cost of the computer is.
To find the cost of the computer, we first need to determine the selling price. We know that the selling price is marked up by 35% of the selling price. Let's assume the cost of the computer is represented by C.
Given that the selling price is marked up by 35%, we can write the equation:
Selling price = Cost + Mark up
$995 = C + 35% of C
To calculate 35% of C, we multiply C by 0.35:
0.35C
Therefore, the equation becomes:
$995 = C + 0.35C
Combining like terms:
$995 = 1.35C
To isolate C, we divide both sides of the equation by 1.35:
C = $995 / 1.35
Calculating the value on the right side of the equation:
C = $737.04
Therefore, the cost of the computer is $737.04.