MATH SOLVE

2 months ago

Q:
# The selling price of a skateboard is $147. The store has a 75% markup policy.What is the cost of the skateboard to the store?

Accepted Solution

A:

Given:

selling price = $147

mark up = 75%

Asked:

original cost

The solution:

Selling price is the sum of the original cost and mark up price. It could be written as following,

Original cost + mark up price = selling price

100% original cost + 75% original = selling price

175% original cost = selling price

1.75 original cost = selling price

Solve for original cost

original cost = selling price/1.75

Plug in the numbers

original cost = selling price/1.75

original cost = 147/1.75

original cost = 84

The original cost of the skateboard is $84

selling price = $147

mark up = 75%

Asked:

original cost

The solution:

Selling price is the sum of the original cost and mark up price. It could be written as following,

Original cost + mark up price = selling price

100% original cost + 75% original = selling price

175% original cost = selling price

1.75 original cost = selling price

Solve for original cost

original cost = selling price/1.75

Plug in the numbers

original cost = selling price/1.75

original cost = 147/1.75

original cost = 84

The original cost of the skateboard is $84