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Author Question: The markup amount on a bicycle is 48, which is a 30 markup based on cost. What is the cost of the ... (Read 139 times)

anjilletteb

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on: Jun 24, 2018
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?


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duy1981999

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Reply #1 on: Jun 24, 2018
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

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

chjcharjto14

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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