Question

A mirror selling for $98.00, marked up 30% on cost.

M=$

C=$

Answer 1

M = $22.62

C = $75.38

Explanation:

Selling Price = $98

Markup = 30%

Selling Price = 100 + 30 = 130%

130% = $98

1% = 98/130

Markup

= 98/130 x 30

= $22.62

Cost Price

= 98/130 x 100

= $75.38