The store sells solid oak curio cabinets for $1074. Find the cost of the curio cabinet. Use the formula S = C + rC, where S is the selling price, C is the cost, and r is the markup rate.
2006-06-25 09:33:51 · 6 answers · asked by ckjnap04 2 in Education & Reference ➔ Homework Help
S = C +rC
S = (1+r)C
1074 = (1 + .6)C
1074 = 1.6C
C = 671.25
2006-06-25 09:39:33 · answer #1 · answered by theFo0t 3 · 0⤊ 0⤋
60% of 1074
=60% x 1074
60/100 x 1074 = 644.40
Your markup is $644.40
Cost:
$1074 - 644.40 = $429.60
Your cost is $429.60
2006-06-25 09:43:30 · answer #2 · answered by Me in Canada eh 5 · 0⤊ 0⤋
would it be easier to simply deduct 60% from selling cost to get purchase cost?
2006-06-25 09:39:37 · answer #3 · answered by Pobept 6 · 0⤊ 0⤋
S = C +rC
1074 = C + .6C
1074=1.6C
671.25=C
2006-06-25 09:38:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
k
2006-06-25 10:18:59 · answer #5 · answered by deadkid97 3 · 0⤊ 0⤋
1718.4
I think...
2006-06-25 09:41:29 · answer #6 · answered by happy 1 · 0⤊ 0⤋