14-02-2020
Business

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The markup on a video game is 15% of the sale price. If the video game sells for $58.82, what was the cost (in $)? (Round your answer to the nearest cent.)

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Samawati Samawati

14-02-2020

Answer:

$51. 15

Explanation:

The selling price is $58.82

The mark-up is 15% of the selling price.

The cost price is ???

The $58.82 is 115% of the cost price.

the cost price is 100%

cost price

= 58.82/115 x 100

= $0.5114 X 100

=$51. 15

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