Answered

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Solve the problem and show your solution (round it off into 2 decimal places)
(Topic: BUYING AND SELLING & MARKUP AND MARGIN)

1. A certain product sold for ₱34,300 has a 18% markup on cost. How much is the cost
of the product?

Sagot :

Danylzabalaidn

₱29,067.80

Step-by-step explanation:

Let x = cost, therefore:

x + 0.18x = 34,300

1.18x = 34,300

x = 34,300 / 1.18

x= 29,067.80

Checking:

29,067.80 x 1.18 = 34,300

Hope it helps.

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