Question

The selling price of lumber at Home Depot is $4,000, percent markup on cost is 30%. Calculate the actual cost. (Round your answer

to the nearest cent.)

Answer 1

Explanation:

Selling Price=$4000

Profit Percent=30%

Cost Price;

`(100)/(100 + pp) * 4000`

`(100)/(100 + 30) *4000`

`(100)/(130) * 4000`

`(10)/(13) * 4000`

`(40000)/(13)`

$3,076.923

=$3,077.000

I am not really Good at rounding forgive me Confirm from someone please.