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 168 times)

anjilletteb · **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?

duy1981999 · **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