Chapter 4.4.1--Markup problems Chapter 4.4.1--Markup problems ...
Chapter 4.4.1--Markup problems Chapter 4.4.1--Markup problems ...
Chapter 4.4.1--Markup problems Chapter 4.4.1--Markup problems ...
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<strong>Chapter</strong> <strong>4.4.1</strong>--<strong>Markup</strong> <strong>problems</strong><br />
Question 17: "A markup rate of 25% is used on a computer that has a selling price of<br />
$2187.50. Find the cost of the computer."<br />
Note that S 2187.5 and r 0.25 .<br />
S C M<br />
M r C<br />
Now fit the numbers into the two equations:<br />
2187.5 C M<br />
M 0.25 C<br />
Substitute<br />
2187.5 C 0.25C<br />
2187.5 1.25C<br />
Solution is: 1750. 0<br />
Cost price is $1750<br />
Question 16. Now you do this one: "A digitally recorded compact disc has a selling price<br />
of $18.90. The markup rate is 40%. Find the cost of the CD."<br />
S 18.90, r 0.40<br />
S C M<br />
M r C<br />
Now fit the numbers into the two equations:<br />
18.90 C M<br />
M 0.40C<br />
Substitute for M<br />
18.90 C 0.40C<br />
18.90 1.40C<br />
C 18.90<br />
1.40<br />
C 13.50<br />
The cost of the CD is $13.50<br />
© W Clarke 2 10/26/2004
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