Problema Solution
A candle maker sells candles for $6.00, which is a 145%markup. What is the company's cost for producing the candles?
Answer provided by our tutors
Let the cost be x
then, x+1.45x=6
or, 2.45x=6
or, x=6/2.45 =2.448
A candle maker sells candles for $6.00, which is a 145%markup. What is the company's cost for producing the candles?
Let the cost be x
then, x+1.45x=6
or, 2.45x=6
or, x=6/2.45 =2.448