Question

A pitcher sells for $46.00, which is marked up 40% based on cost. What is the cost of the pitcher? Round to the nearest cent.

Answer 1

Do u mean 40% extra on normal cost?

Answer 2

let the cost of the pitcher be 100%

then the cost + markup = 100% + 40

so

140% = $46

divide both sides by 14 and multiply by 10 will give 100% and the cost price