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27 August, 19:52

If the markup formula is 40 percent of cost and the selling price of an item is $49.99, what is the cost?

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  1. 27 August, 20:02
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    40% is 0.40

    (1.40) x=49.99

    x=49.99/1.4

    x=35.71

    cost = $35.71
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