The markup amount on a bicycle is 48, which is a 30 markup based ...

[anjilletteb]

The markup amount on a bicycle is 48, which is a 30 markup based on cost. What is the cost of the bicycle?

Question 2

A company buys swing sets for 1,500 and sells them at a markup rate of 40. What is the markup amount?

[duy1981999]

Answer to Question 1

160;
Divide the markup amount by the markup rate. 48  0.3 = 160

Answer to Question 2

600;
Multiply the cost by the rate. 1,500  0.4 = 600

[anjilletteb]

Thanks for the timely response, appreciate it

[softEldritch]

YES! Correct, THANKS for helping me on my review