Question

Munroe Corporation sells Nautilus equipment for $399.95. Munroe marks up the equipment 30% on the selling price. What did the equipment cost Munroe? Round to nearest cent.

Answer 1

So this is like the one I answered before.

AFTER markup, the price is 399.95. What was the price BEFORE it was marked up 30% ?

P + 0.30P = 399.95
or
1.30P = 399.95

Hope this helps.

Answer 2

$307.66