A carpet store sells designer rugs at retail for $850.98. If a 50% markup based on cost is added, what is the cost (in $) of the designer ru

Question

A carpet store sells designer rugs at retail for $850.98. If a 50% markup based on cost is added, what is the cost (in $) of the designer rugs?

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Madeline 1 month 2021-10-14T20:50:27+00:00 1 Answer 0 views 0

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    2021-10-14T20:51:29+00:00

    Answer:

    $1276.47

    Step-by-step explanation:

    Given that the designers rug is sold for $850.98 .

    A 50% markup based on cost is added.

    The new cost Will be 50% of $850.98 added to $850.98.

    That’s 50%/100% x $850.98

    0.5 x $850.98

    $425.49

    New cost = $850.98 + $425.49

    = $1276.47

    The cost of the designers rug will be $1276.47

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