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Mathematics 8 Online
OpenStudy (thecatsintrees):

Assume markup is based on cost. Find the dollar markup and selling price for the following problem. Cost = 400 Markup Price = 40% what is the dollar markup and selling price? I have the formula to get the dollarmarkup and to get the percent markup cost but in order to do that I need the selling price, so I think I have the wrong formula. Can someone explain how to do this correctly?

OpenStudy (nincompoop):

always go with the definition of terms and all will be easier to understand

OpenStudy (anonymous):

dollar markup is $160 and selling price is $560

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