the quick plumbing supply sells a set of faucets for $79.75.If a 45% markup based on cost

Question

mathmale · Answer

If the markup is based on cost, and cost = c, then the dollar value of the markup (not the selling price) is 0.45*c.  

Note that selling price = cost + markup.

Can you put this info together to
(1) write an equation for selling price in terms of c and the markup?
(2) determine the cost, c?

jdoe0001 · Answer

"If a 45% markup based on cost ...."   ?

jdoe0001 · Answer

what's was the original price without the markup?

mathmale · Answer

Shanise, would you please respond in some way, as best you can, if you're still interested in solving this problem.  Recall that the goal of this problem is to find the original cost of the item, before it's marked up.

anonymous · Answer

I think i have to multiply 45% times $79.75

mathmale · Answer

$79.75 is the selling price.  The problem states that "markup" is based on cost, not on selling price.  Would you please try again?

Markup = ?

mathmale · Answer

Note that selling price = cost + markup.