Asked by Bradley
The Kitchen Kompany operates on a 145% markup rate based on the cost. The markup on the store's new line of cabinets is $300 per cabinet. Find the cost of one cabinet and its selling price.
Answers
Answered by
bobpursley
1.45*cost=300
cost=300/1.45
selling price=cost+markup, or =2.45*cost
cost=300/1.45
selling price=cost+markup, or =2.45*cost
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