If an item that sells for $81.00 has a 50.0% markup on cost, what is the cost?

Answer 1

What don't you understand about DrBob222's answer?

Answer 2

http://www.jiskha.com/display.cgi?id=1408400718

Answer 3

P = Po + 0.5Po = $81.
1.5Po = 81
Po = $54 = Initial price or Cost.