Asked by Help Please

If the selling price for a product is $4/kg, and the Rate of Markup on Cost is 40%.
What is the selling price? and the amount of Markup?
Answered by Help Please
My apologies!! my question is
What is the cost price, and the amount of markup
Answered by oobleck
1.40 * 4 = $5.60/kg
.40 * 4 = $1.60
Answered by Hey
nope
Answered by oobleck
oops - my bad
1.40c = 4.00
c = $2.86
markup = $1.14
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