If an item that sells for $81.00 has a 50.0% markup on cost, what is the cost?
3 answers
What don't you understand about DrBob222's answer?
http://www.jiskha.com/display.cgi?id=1408400718
P = Po + 0.5Po = $81.
1.5Po = 81
Po = $54 = Initial price or Cost.
1.5Po = 81
Po = $54 = Initial price or Cost.