Use the given information to find the original price:
Retail Price $99
Markup percent 80%
5 answers
$80.19
How do you get this answer? Can you explain it to me, please. Thank you
you take .80and mutiply by 99, then take that answer and subtract it from 99
Don't think so ....
let the cost price be x
selling price (retail price) = 99
there was a 80% markup on cost price
1.8x = 99
x = 99/1.8 = 55
check:
cost price = $55
markup = .8(55) = $44
Selling price = 55 + 44 = 99
let the cost price be x
selling price (retail price) = 99
there was a 80% markup on cost price
1.8x = 99
x = 99/1.8 = 55
check:
cost price = $55
markup = .8(55) = $44
Selling price = 55 + 44 = 99
No. U would do 99 times 80%. So that means it would be 99 times .80 which equals 79.20. Then, you would subtract 79.20 from 99 and your answer would be 19.80 as the original price
13 answers