A tie pin which sells for $200.00 has a markup rate of 30% on the selling price. Find the amount of the markup and the cost.

3 answers

selling price= 200= cost+markup=1.30cost
cost= 200/1.3
markup=200-cost
A tie pin which sells for $200.00 has a markup rate of 30% on the selling price. Find the amount of the markup and the cost.
if cost is $22. and the markup is $6.80