Sears sells a sweater for $69 and has a 60% markup on the selling price. What is the cost of the sweater to Sears?

Question

anonymous · Answer

think of it this way, what is 60% of $69? then you can easily subtract that from 69 to get the unit price

anonymous · Answer

so if I calculate 69 minus 60% I get 27.60 so is that the cost to sears or do I subtract the 27.60 from 69?

anonymous · Answer

$69 = price + price*0.60

anonymous · Answer

So then the cost of the sweater to Sears was the $27.60 ?

anonymous · Answer

close, think of it this way:
$69 = 1.0*price + price*0.60
or
$69 = 1.6*price

anonymous · Answer

hint, the answer will be between $40 and $50 dollars ^_^

anonymous · Answer

41.4 ?

anonymous · Answer

So... 69=the price with  the mark up.

69=1.6x
x=110.4
110.4-69=$ 41.4

anonymous · Answer

Ok thank you, now I get it.