If the selling price for a product is $4/kg, and the Rate of Markup on Cost is 40%.

Question

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?

Help Please · Answer

My apologies!! my question is What is the cost price, and the amount of markup

oobleck · Answer

1.40 * 4 = $5.60/kg .40 * 4 = $1.60

Hey · Answer

nope

oobleck · Answer

oops - my bad 1.40c = 4.00 c = $2.86 markup = $1.14